Gotham Asset Management LLC Sells 7,194 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Gotham Asset Management LLC reduced its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 50.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,010 shares of the company's stock after selling 7,194 shares during the quarter. Gotham Asset Management LLC's holdings in Enerpac Tool Group were worth $288,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in Enerpac Tool Group in the fourth quarter worth $29,000. First Horizon Advisors Inc. purchased a new stake in shares of Enerpac Tool Group in the 4th quarter worth about $36,000. Venturi Wealth Management LLC bought a new position in shares of Enerpac Tool Group in the 4th quarter worth about $51,000. Heck Capital Advisors LLC purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $99,000. Finally, KBC Group NV lifted its position in Enerpac Tool Group by 91.7% during the 4th quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after acquiring an additional 1,225 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Down 1.3%

Shares of NYSE EPAC traded down $0.58 during trading on Friday, reaching $42.52. The company had a trading volume of 180,926 shares, compared to its average volume of 330,244. Enerpac Tool Group Corp. has a 12-month low of $35.18 and a 12-month high of $51.91. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The business's 50-day moving average is $42.07 and its 200 day moving average is $44.25. The stock has a market cap of $2.30 billion, a PE ratio of 25.92 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $145.53 million for the quarter, compared to analysts' expectations of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. CJS Securities began coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective on the stock. Wall Street Zen raised Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday.

About Enerpac Tool Group

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.