Segall Bryant & Hamill LLC Trims Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Segall Bryant & Hamill LLC cut its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 18.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 208,101 shares of the company's stock after selling 46,201 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.38% of Enerpac Tool Group worth $8,551,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans boosted its position in shares of Enerpac Tool Group by 1,061.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock valued at $20,351,000 after buying an additional 452,641 shares during the last quarter. State Street Corp boosted its holdings in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company's stock valued at $100,263,000 after acquiring an additional 336,323 shares during the last quarter. Barclays PLC grew its stake in shares of Enerpac Tool Group by 321.7% in the third quarter. Barclays PLC now owns 107,979 shares of the company's stock worth $4,524,000 after acquiring an additional 82,376 shares during the period. Edgestream Partners L.P. bought a new position in Enerpac Tool Group during the fourth quarter valued at approximately $2,617,000. Finally, Swedbank AB purchased a new stake in Enerpac Tool Group in the fourth quarter worth approximately $2,054,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Stock Performance

EPAC stock traded up $0.14 during trading on Monday, reaching $44.94. The stock had a trading volume of 537,196 shares, compared to its average volume of 326,063. The stock's 50 day moving average is $44.98 and its two-hundred day moving average is $44.77. The firm has a market cap of $2.43 billion, a PE ratio of 27.40 and a beta of 1.18. Enerpac Tool Group Corp. has a 52 week low of $34.47 and a 52 week high of $51.91. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

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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 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 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 Analysts Forecast Growth

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a research note 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.