Kennedy Capital Management LLC Sells 109,534 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Kennedy Capital Management LLC reduced its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 25.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 315,458 shares of the company's stock after selling 109,534 shares during the period. Kennedy Capital Management LLC owned 0.58% of Enerpac Tool Group worth $12,962,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC boosted its position 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. Bank of Montreal Can boosted its holdings in shares of Enerpac Tool Group by 2.8% during the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock worth $468,000 after purchasing an additional 314 shares during the period. CIBC Private Wealth Group LLC increased its stake in Enerpac Tool Group by 16.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock valued at $120,000 after buying an additional 418 shares during the period. Quarry LP boosted its stake 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings 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 valued at $6,170,000 after acquiring an additional 671 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Stock Down 0.1 %

Shares of NYSE EPAC traded down $0.04 during mid-day trading on Tuesday, reaching $40.01. 96,455 shares of the company traded hands, compared to its average volume of 332,419. The company's fifty day moving average is $44.04 and its two-hundred day moving average is $44.66. Enerpac Tool Group Corp. has a fifty-two week low of $34.59 and a fifty-two week high of $51.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The stock has a market cap of $2.16 billion, a PE ratio of 24.40 and a beta of 1.08.

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

Wall Street Analysts Forecast Growth

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 objective for the company.

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.