Segall Bryant & Hamill LLC Cuts Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Segall Bryant & Hamill LLC cut its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 4.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 199,305 shares of the company's stock after selling 8,796 shares during the quarter. Segall Bryant & Hamill LLC owned 0.37% of Enerpac Tool Group worth $8,941,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Federated Hermes Inc. raised its position in Enerpac Tool Group by 13.6% during the 4th quarter. Federated Hermes Inc. now owns 46,272 shares of the company's stock valued at $1,901,000 after purchasing an additional 5,528 shares during the last quarter. Principal Financial Group Inc. raised its position in Enerpac Tool Group by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 296,448 shares of the company's stock valued at $13,299,000 after purchasing an additional 9,177 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Enerpac Tool Group by 14.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company's stock valued at $316,000 after purchasing an additional 917 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Enerpac Tool Group by 6.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock valued at $307,000 after purchasing an additional 440 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in Enerpac Tool Group by 332.7% during the 1st quarter. SG Americas Securities LLC now owns 10,834 shares of the company's stock valued at $486,000 after purchasing an additional 8,330 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th.

Enerpac Tool Group Stock Down 0.6%

Shares of NYSE:EPAC traded down $0.25 during trading on Friday, hitting $38.31. The stock had a trading volume of 493,912 shares, compared to its average volume of 340,243. Enerpac Tool Group Corp. has a 12 month low of $36.51 and a 12 month high of $51.91. The company has a market capitalization of $2.07 billion, a PE ratio of 23.50 and a beta of 1.16. The firm's fifty day moving average is $41.77 and its 200 day moving average is $42.61. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its earnings results on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. The firm had revenue of $158.66 million during the quarter, compared to analyst estimates of $159.35 million. During the same quarter in the prior year, the company earned $0.47 EPS. Analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.