Federated Hermes Inc. Has $2.36 Million Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Federated Hermes Inc. boosted its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,972 shares of the company’s stock after buying an additional 4,022 shares during the quarter. Federated Hermes Inc.’s holdings in Enerpac Tool Group were worth $2,362,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Enerpac Tool Group in the third quarter worth $87,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Enerpac Tool Group by 72.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 6,900 shares of the company’s stock worth $182,000 after purchasing an additional 2,900 shares in the last quarter. Olympiad Research LP acquired a new position in Enerpac Tool Group in the third quarter worth $272,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enerpac Tool Group by 27.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,588 shares of the company’s stock worth $280,000 after purchasing an additional 2,257 shares in the last quarter. Finally, Howe & Rusling Inc. boosted its stake in Enerpac Tool Group by 5.3% in the third quarter. Howe & Rusling Inc. now owns 14,245 shares of the company’s stock worth $376,000 after purchasing an additional 721 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.3 %

Shares of EPAC opened at $36.14 on Monday. The company has a quick ratio of 2.41, a current ratio of 3.11 and a debt-to-equity ratio of 0.71. Enerpac Tool Group Corp. has a 12-month low of $22.94 and a 12-month high of $36.44. The firm has a market capitalization of $1.96 billion, a PE ratio of 28.46 and a beta of 1.21. The stock’s fifty day simple moving average is $34.48 and its 200-day simple moving average is $31.28.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Thursday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Enerpac Tool Group had a return on equity of 26.38% and a net margin of 11.75%. The company had revenue of $138.44 million during the quarter, compared to the consensus estimate of $141.10 million. During the same period in the prior year, the company earned $0.35 earnings per share. As a group, research analysts predict that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current year.

Enerpac Tool Group 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.