Gotham Asset Management LLC Sells 7,194 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Gotham Asset Management LLC lowered its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 50.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,010 shares of the company’s stock after selling 7,194 shares during the period. Gotham Asset Management LLC’s holdings in Enerpac Tool Group were worth $288,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Thrivent Financial for Lutherans raised its stake in 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 worth $20,351,000 after buying an additional 452,641 shares during the last quarter. Wells Fargo & Company MN raised its stake in Enerpac Tool Group by 1,931.9% during the fourth quarter. Wells Fargo & Company MN now owns 409,263 shares of the company’s stock worth $16,817,000 after buying an additional 389,121 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Enerpac Tool Group by 230.6% during the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company’s stock worth $21,996,000 after buying an additional 373,372 shares during the last quarter. Cerity Partners LLC bought a new position in Enerpac Tool Group during the fourth quarter worth $8,338,000. Finally, Grandeur Peak Global Advisors LLC raised its stake in Enerpac Tool Group by 1,197.5% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company’s stock worth $8,563,000 after buying an additional 192,325 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

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 Trading Down 0.8%

NYSE:EPAC opened at $44.99 on Wednesday. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 27.43 and a beta of 1.20. The firm has a fifty day simple moving average of $42.10 and a two-hundred day simple moving average of $44.35. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $145.53 million during 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%. Analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

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.