Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Howe & Rusling Inc.

Howe & Rusling Inc. reduced its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,011 shares of the company’s stock after selling 1,519 shares during the quarter. Howe & Rusling Inc.’s holdings in Enerpac Tool Group were worth $370,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPAC. Thrivent Financial for Lutherans lifted its position in shares of Enerpac Tool Group by 1,061.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company’s stock worth $20,351,000 after buying an additional 452,641 shares during the last quarter. State Street Corp raised its stake in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company’s stock worth $100,263,000 after acquiring an additional 336,323 shares during the period. JPMorgan Chase & Co. lifted its holdings in Enerpac Tool Group by 77.5% in the fourth quarter. JPMorgan Chase & Co. now owns 214,276 shares of the company’s stock worth $8,805,000 after acquiring an additional 93,528 shares during the last quarter. Barclays PLC boosted its stake in Enerpac Tool Group by 321.7% in the third quarter. Barclays PLC now owns 107,979 shares of the company’s stock valued at $4,524,000 after acquiring an additional 82,376 shares during the period. Finally, Edgestream Partners L.P. bought a new position in shares of Enerpac Tool Group during the fourth quarter valued at approximately $2,617,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $46.34 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a 1 year low of $34.47 and a 1 year high of $51.91. The firm has a fifty day moving average of $44.96 and a 200-day moving average of $44.62. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 28.26 and a beta of 1.18.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $145.53 million during the quarter, compared to analysts’ expectations of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, CJS Securities initiated coverage on Enerpac Tool Group in a report on Friday, March 14th. They issued an “outperform” rating and a $53.00 price target on the stock.

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.