Rhumbline Advisers Lowers Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Rhumbline Advisers decreased its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,970 shares of the company’s stock after selling 2,507 shares during the quarter. Rhumbline Advisers owned 0.28% of Enerpac Tool Group worth $6,203,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp lifted its holdings in shares of Enerpac Tool Group by 16.3% in the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company’s stock worth $100,263,000 after acquiring an additional 336,323 shares during the last quarter. Barclays PLC raised its position in Enerpac Tool Group by 321.7% in the 3rd quarter. Barclays PLC now owns 107,979 shares of the company’s stock worth $4,524,000 after purchasing an additional 82,376 shares during the period. Swedbank AB bought a new stake in Enerpac Tool Group in the fourth quarter worth $2,054,000. Quest Partners LLC purchased a new stake in Enerpac Tool Group during the third quarter valued at about $1,312,000. Finally, HighTower Advisors LLC bought a new position in shares of Enerpac Tool Group during the third quarter valued at about $1,201,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Trading Down 1.8 %

NYSE EPAC opened at $45.38 on Thursday. The firm has a market cap of $2.47 billion, a PE ratio of 27.67 and a beta of 1.17. Enerpac Tool Group Corp. has a 1-year low of $32.07 and a 1-year high of $51.91. The stock has a 50-day moving average of $43.86 and a 200-day moving average of $44.03. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS 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.