Vanguard Group Inc. Trims Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Vanguard Group Inc. lowered its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,337,517 shares of the company’s stock after selling 58,188 shares during the period. Vanguard Group Inc. owned 11.71% of Enerpac Tool Group worth $197,033,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EPAC. Premier Fund Managers Ltd bought a new stake in Enerpac Tool Group during the 4th quarter worth approximately $248,000. MainStreet Investment Advisors LLC bought a new position in shares of Enerpac Tool Group in the fourth quarter worth $255,000. Semanteon Capital Management LP purchased a new stake in shares of Enerpac Tool Group in the fourth quarter worth $377,000. Quest Partners LLC bought a new stake in Enerpac Tool Group during the fourth quarter valued at $378,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enerpac Tool Group by 23.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,079 shares of the company’s stock worth $407,000 after buying an additional 2,491 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $38.06 on Wednesday. The stock’s 50-day simple moving average is $37.80 and its two-hundred day simple moving average is $34.48. Enerpac Tool Group Corp. has a twelve month low of $24.58 and a twelve month high of $39.49. The firm has a market capitalization of $2.07 billion, a P/E ratio of 25.04 and a beta of 1.15. The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.52.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Monday, June 24th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. The company had revenue of $150.39 million for the quarter, compared to analysts’ expectations of $153.20 million. During the same period in the prior year, the business earned $0.39 earnings per share. As a group, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal 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.