Bank of New York Mellon Corp lowered its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 616,499 shares of the company's stock after selling 130,908 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.13% of Enerpac Tool Group worth $25,332,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its position in shares of Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company's stock valued at $35,000 after buying an additional 436 shares in the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group in the 4th quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at $42,000. Venturi Wealth Management LLC purchased a new position in shares of Enerpac Tool Group in the fourth quarter worth $51,000. Finally, Heck Capital Advisors LLC acquired a new position in Enerpac Tool Group in the 4th quarter worth approximately $99,000. Institutional investors own 97.70% of the company's stock.
Enerpac Tool Group Stock Performance
NYSE:EPAC traded down $0.22 during trading hours on Wednesday, reaching $44.74. The company had a trading volume of 6,540 shares, compared to its average volume of 318,741. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The firm has a market cap of $2.43 billion, a PE ratio of 27.28 and a beta of 1.18. The business's 50 day moving average price is $44.33 and its 200-day moving average price is $44.37. Enerpac Tool Group Corp. has a 1-year low of $32.28 and a 1-year high of $51.91.
Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. Research analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.
About Enerpac Tool Group
(
Free Report)
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.
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