Segall Bryant & Hamill LLC Lowers Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Segall Bryant & Hamill LLC lowered its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 199,305 shares of the company's stock after selling 8,796 shares during the period. Segall Bryant & Hamill LLC owned about 0.37% of Enerpac Tool Group worth $8,941,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Enerpac Tool Group by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 28,366 shares of the company's stock worth $1,166,000 after purchasing an additional 3,147 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Enerpac Tool Group during the 4th quarter worth about $991,000. Raymond James Financial Inc. acquired a new position in shares of Enerpac Tool Group during the 4th quarter worth about $1,185,000. PNC Financial Services Group Inc. raised its position in shares of Enerpac Tool Group by 80.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,452 shares of the company's stock worth $224,000 after purchasing an additional 2,438 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Enerpac Tool Group by 0.8% during the 4th quarter. Swiss National Bank now owns 106,800 shares of the company's stock worth $4,388,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Price Performance

NYSE EPAC traded down $1.27 during trading hours on Monday, hitting $37.09. 312,175 shares of the company's stock traded hands, compared to its average volume of 340,205. Enerpac Tool Group Corp. has a 52-week low of $36.51 and a 52-week high of $51.91. The company has a market capitalization of $2.01 billion, a PE ratio of 21.31 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The firm's 50-day moving average is $41.77 and its 200-day moving average is $42.64.

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

Analyst Upgrades and Downgrades

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

Enerpac Tool Group 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.