Barrow Hanley Mewhinney & Strauss LLC Sells 158,824 Shares of Enerpac Tool Group Corp. $EPAC

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 8.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,714,391 shares of the company’s stock after selling 158,824 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 3.24% of Enerpac Tool Group worth $70,290,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Cooke & Bieler LP lifted its stake in Enerpac Tool Group by 46.2% in the 3rd quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock worth $63,386,000 after purchasing an additional 488,209 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Enerpac Tool Group by 627.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company’s stock worth $1,482,000 after purchasing an additional 31,188 shares during the period. Voya Investment Management LLC increased its holdings in shares of Enerpac Tool Group by 33.1% in the third quarter. Voya Investment Management LLC now owns 151,673 shares of the company’s stock worth $6,219,000 after purchasing an additional 37,686 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Enerpac Tool Group by 4.7% in the third quarter. Thrivent Financial for Lutherans now owns 1,136,844 shares of the company’s stock worth $46,610,000 after buying an additional 50,645 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its stake in Enerpac Tool Group by 1,198.8% during the third quarter. Teacher Retirement System of Texas now owns 106,697 shares of the company’s stock valued at $4,375,000 after buying an additional 98,482 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Performance

Enerpac Tool Group stock opened at $36.84 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.83 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.94 billion, a PE ratio of 22.06 and a beta of 0.96. The firm has a fifty day simple moving average of $40.71 and a two-hundred day simple moving average of $40.43. Enerpac Tool Group Corp. has a twelve month low of $35.01 and a twelve month high of $47.27.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $144.21 million for the quarter, compared to the consensus estimate of $146.45 million. Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. During the same period last year, the business posted $0.40 earnings per share. Research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on EPAC. William Blair assumed coverage on Enerpac Tool Group in a report on Friday, January 16th. They set a “market perform” rating for the company. Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Enerpac Tool Group presently has a consensus rating of “Hold” and an average target price of $52.00.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.