HighTower Advisors LLC Has $308,000 Position in Enerpac Tool Group Corp. (NYSE:EPAC)

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

Several other hedge funds also recently modified their holdings of the business. State Street Corp grew its stake in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company's stock worth $100,263,000 after buying an additional 336,323 shares during the last quarter. Geode Capital Management LLC raised its holdings in Enerpac Tool Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company's stock worth $51,797,000 after purchasing an additional 21,056 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Enerpac Tool Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,058 shares of the company's stock valued at $25,725,000 after purchasing an additional 4,602 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Enerpac Tool Group by 3.5% in the 4th quarter. Principal Financial Group Inc. now owns 287,271 shares of the company's stock valued at $11,804,000 after purchasing an additional 9,777 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Enerpac Tool Group by 0.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company's stock worth $6,170,000 after buying an additional 671 shares during the period. 97.70% of the stock is owned by institutional investors.

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Enerpac Tool Group Trading Down 6.6 %

Shares of Enerpac Tool Group stock traded down $2.82 during trading on Friday, reaching $39.63. 513,875 shares of the company were exchanged, compared to its average volume of 327,403. Enerpac Tool Group Corp. has a twelve month low of $34.59 and a twelve month high of $51.91. The business has a 50-day moving average price of $44.89 and a 200-day moving average price of $44.83. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 24.17 and a beta of 1.08.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates 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 net margin of 15.14% and a return on equity of 25.39%. Sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, CJS Securities began coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective on the stock.

About Enerpac Tool Group

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.