HighTower Advisors LLC Sells 21,095 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

HighTower Advisors LLC lowered its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 73.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,506 shares of the company’s stock after selling 21,095 shares during the quarter. HighTower Advisors LLC’s holdings in Enerpac Tool Group were worth $308,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SkyView Investment Advisors LLC raised its stake in shares of Enerpac Tool Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company’s stock valued at $713,000 after purchasing an additional 276 shares during the period. Quarry LP raised its position in Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after buying an additional 436 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Enerpac Tool Group by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company’s stock worth $662,000 after acquiring an additional 447 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Enerpac Tool Group by 0.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company’s stock valued at $6,170,000 after purchasing an additional 671 shares during the last quarter. Finally, Assetmark Inc. bought a new stake in shares of Enerpac Tool Group in the fourth quarter worth $29,000. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $46.21 on Wednesday. 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 Corp. has a twelve month low of $34.47 and a twelve month high of $51.91. The business’s 50 day moving average price is $45.00 and its two-hundred day moving average price is $44.80. The company has a market cap of $2.50 billion, a PE ratio of 28.18 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

Separately, CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 price target for the company.

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.