Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 9.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 569,683 shares of the company's stock after selling 57,261 shares during the quarter. Nuveen Asset Management LLC owned 1.05% of Enerpac Tool Group worth $23,408,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its stake in Enerpac Tool Group by 2.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company's stock valued at $204,665,000 after acquiring an additional 117,203 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Enerpac Tool Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,058 shares of the company's stock valued at $25,725,000 after acquiring an additional 4,602 shares during the period. Northern Trust Corp grew its stake in Enerpac Tool Group by 10.9% in the 4th quarter. Northern Trust Corp now owns 617,474 shares of the company's stock valued at $25,372,000 after acquiring an additional 60,905 shares during the period. Invesco Ltd. grew its stake in Enerpac Tool Group by 39.2% in the 4th quarter. Invesco Ltd. now owns 574,894 shares of the company's stock valued at $23,622,000 after acquiring an additional 161,794 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in Enerpac Tool Group by 230.6% in the 4th quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock valued at $21,996,000 after acquiring an additional 373,372 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. CJS Securities assumed coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They set an "outperform" rating and a $53.00 target price on the stock. Wall Street Zen raised shares of Enerpac Tool Group from a "hold" rating to a "buy" rating in a research note on Saturday.

Enerpac Tool Group Price Performance

EPAC traded down $0.75 on Wednesday, hitting $43.02. 62,343 shares of the company's stock were exchanged, compared to its average volume of 328,515. Enerpac Tool Group Corp. has a fifty-two week low of $35.18 and a fifty-two week high of $51.91. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $42.06 and a 200-day moving average price of $44.15. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 26.25 and a beta of 1.20.

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

Enerpac Tool Group Company Profile

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.