Yousif Capital Management LLC Sells 405 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Yousif Capital Management LLC lowered its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,178 shares of the company’s stock after selling 405 shares during the period. Yousif Capital Management LLC’s holdings in Enerpac Tool Group were worth $905,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in Enerpac Tool Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. bought a new stake in Enerpac Tool Group in the 4th quarter valued at $36,000. Venturi Wealth Management LLC bought a new stake in Enerpac Tool Group in the 4th quarter valued at $51,000. Heck Capital Advisors LLC bought a new stake in Enerpac Tool Group in the 4th quarter valued at $99,000. Finally, Smartleaf Asset Management LLC raised its stake in Enerpac Tool Group by 655.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,749 shares of the company’s stock valued at $114,000 after acquiring an additional 2,385 shares during the period. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Down 0.6%

Shares of Enerpac Tool Group stock opened at $41.86 on Thursday. The stock has a fifty day simple moving average of $42.06 and a 200 day simple moving average of $43.55. Enerpac Tool Group Corp. has a 12-month low of $35.18 and a 12-month high of $51.91. The company has a market capitalization of $2.26 billion, a P/E ratio of 24.77 and a beta of 1.20. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.46.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. Enerpac Tool Group had a return on equity of 24.61% and a net margin of 15.47%. On average, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

EPAC has been the topic of several recent research reports. Wall Street Zen cut Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 1st. CJS Securities assumed coverage on Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 target price 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.