First Trust Advisors LP Has $2.70 Million Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

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

Several other large investors have also recently bought and sold shares of the business. Assetmark Inc. acquired a new position in Enerpac Tool Group in the 4th quarter worth about $29,000. First Horizon Advisors Inc. acquired a new position in Enerpac Tool Group in the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC bought a new position in Enerpac Tool Group during the fourth quarter valued at approximately $51,000. Heck Capital Advisors LLC bought a new position in Enerpac Tool Group during the fourth quarter valued at approximately $99,000. Finally, KBC Group NV lifted its stake in Enerpac Tool Group by 91.7% in the fourth 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 last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, CJS Securities started coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They set an "outperform" rating and a $53.00 price target on the stock.

Enerpac Tool Group Stock Down 0.1 %

Shares of NYSE:EPAC traded down $0.05 on Wednesday, reaching $41.62. The company had a trading volume of 239,708 shares, compared to its average volume of 330,808. The stock has a market capitalization of $2.25 billion, a P/E ratio of 25.38 and a beta of 1.20. The stock has a 50-day moving average price of $42.02 and a 200 day moving average price of $44.30. Enerpac Tool Group Corp. has a twelve month low of $35.18 and a twelve 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.

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