Enerpac Tool Group Corp. $EPAC Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,769,985 shares of the company’s stock after selling 101,055 shares during the period. Vanguard Group Inc. owned about 0.11% of Enerpac Tool Group worth $220,644,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EPAC. AQR Capital Management LLC boosted its holdings in shares of Enerpac Tool Group by 29.5% in the 1st quarter. AQR Capital Management LLC now owns 27,208 shares of the company’s stock valued at $1,221,000 after acquiring an additional 6,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Enerpac Tool Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company’s stock worth $1,452,000 after purchasing an additional 1,425 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Enerpac Tool Group by 24.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company’s stock worth $9,743,000 after purchasing an additional 42,835 shares during the period. Jane Street Group LLC grew its position in Enerpac Tool Group by 32.8% during the 1st quarter. Jane Street Group LLC now owns 131,506 shares of the company’s stock worth $5,899,000 after purchasing an additional 32,491 shares during the period. Finally, Norges Bank acquired a new stake in Enerpac Tool Group during the 2nd quarter worth about $1,253,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $35.60 on Friday. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 22.25 and a beta of 0.89. Enerpac Tool Group Corp. has a 12 month low of $33.66 and a 12 month high of $46.39. The firm’s 50 day simple moving average is $36.54 and its 200-day simple moving average is $38.85. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $154.81 million for the quarter, compared to analysts’ expectations of $147.80 million. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The business’s revenue was up 6.4% compared to the same quarter last year. Analysts expect that Enerpac Tool Group Corp. will post 1.89 EPS for the current year.

Analyst Ratings Changes

EPAC has been the topic of several analyst reports. William Blair initiated coverage on Enerpac Tool Group in a research report on Friday, January 16th. They set a “market perform” rating on the stock. Wall Street Zen raised Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.00.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.