Barrow Hanley Mewhinney & Strauss LLC Lowers Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209,176 shares of the company's stock after selling 145,897 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.06% of Enerpac Tool Group worth $90,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in Enerpac Tool Group in the 3rd quarter valued at about $442,000. Amundi grew its holdings in Enerpac Tool Group by 184.7% in the fourth quarter. Amundi now owns 27,217 shares of the company's stock valued at $1,121,000 after purchasing an additional 17,658 shares during the last quarter. Atria Investments Inc purchased a new position in shares of Enerpac Tool Group in the fourth quarter valued at $261,000. Wealthspire Advisors LLC acquired a new position in shares of Enerpac Tool Group during the 4th quarter worth $238,000. Finally, US Bancorp DE boosted its position in shares of Enerpac Tool Group by 117.5% in the 4th quarter. US Bancorp DE now owns 17,236 shares of the company's stock worth $708,000 after buying an additional 9,311 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

EPAC stock traded down $3.15 on Thursday, reaching $42.92. The company had a trading volume of 81,449 shares, compared to its average volume of 324,739. The company's fifty day moving average is $45.02 and its 200 day moving average is $44.81. The company has a market cap of $2.32 billion, a P/E ratio of 26.17 and a beta of 1.18. 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 $34.59 and a 1 year high of $51.91.

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

Analyst Ratings Changes

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