Southernsun Asset Management LLC Sells 114,992 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Southernsun Asset Management LLC cut its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 843,394 shares of the company's stock after selling 114,992 shares during the period. Enerpac Tool Group comprises approximately 4.3% of Southernsun Asset Management LLC's portfolio, making the stock its 13th biggest holding. Southernsun Asset Management LLC owned about 1.55% of Enerpac Tool Group worth $34,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in shares of Enerpac Tool Group by 1,061.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock worth $20,351,000 after purchasing an additional 452,641 shares during the period. Wells Fargo & Company MN raised its position in Enerpac Tool Group by 1,931.9% in the fourth quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock worth $16,817,000 after acquiring an additional 389,121 shares during the period. Cerity Partners LLC purchased a new position in Enerpac Tool Group in the fourth quarter valued at about $8,338,000. Grandeur Peak Global Advisors LLC grew its position in shares of Enerpac Tool Group by 1,197.5% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company's stock valued at $8,563,000 after acquiring an additional 192,325 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Enerpac Tool Group by 39.2% during the 4th quarter. Invesco Ltd. now owns 574,894 shares of the company's stock worth $23,622,000 after purchasing an additional 161,794 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC traded up $0.07 during trading hours on Friday, reaching $40.20. 197,110 shares of the stock traded hands, compared to its average volume of 332,121. Enerpac Tool Group Corp. has a 52-week low of $35.12 and a 52-week high of $51.91. 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 company's 50-day simple moving average is $42.95 and its two-hundred day simple moving average is $44.44. The company has a market capitalization of $2.17 billion, a P/E ratio of 24.51 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 for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $145.53 million during 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%. Equities research analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analyst Ratings Changes

Separately, CJS Securities started coverage on 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.