Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by First Trust Advisors LP

First Trust Advisors LP decreased its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,613 shares of the company's stock after selling 41,733 shares during the period. First Trust Advisors LP owned approximately 0.12% of Enerpac Tool Group worth $2,696,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Federated Hermes Inc. grew its holdings in Enerpac Tool Group by 13.6% in the fourth 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. Amundi grew its stake in Enerpac Tool Group by 184.7% in the 4th quarter. Amundi now owns 27,217 shares of the company's stock valued at $1,121,000 after acquiring an additional 17,658 shares during the last quarter. Atria Investments Inc purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $261,000. Wealthspire Advisors LLC acquired a new position in Enerpac Tool Group during the fourth quarter worth about $238,000. Finally, US Bancorp DE lifted its holdings in shares of Enerpac Tool Group by 117.5% in the fourth quarter. US Bancorp DE now owns 17,236 shares of the company's stock valued at $708,000 after purchasing an additional 9,311 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, 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 price objective for the company.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded up $0.13 during trading on Friday, reaching $43.36. The company had a trading volume of 202,901 shares, compared to its average volume of 331,146. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a twelve month low of $35.18 and a twelve month high of $51.91. The stock has a 50-day moving average price of $41.98 and a two-hundred day moving average price of $44.30. The stock has a market capitalization of $2.35 billion, a PE ratio of 26.44 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The firm had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. As a group, sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

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.