Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 17.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 616,499 shares of the company’s stock after selling 130,908 shares during the period. Bank of New York Mellon Corp owned about 1.13% of Enerpac Tool Group worth $25,332,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EPAC. Quarry LP lifted its position in Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after buying an additional 436 shares in the last quarter. First Horizon Advisors Inc. acquired a new position in shares of Enerpac Tool Group in the fourth quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Enerpac Tool Group during the third quarter worth $42,000. Venturi Wealth Management LLC acquired a new stake in Enerpac Tool Group during the fourth quarter valued at $51,000. Finally, Heck Capital Advisors LLC purchased a new position in Enerpac Tool Group in the fourth quarter valued at about $99,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Price Performance

NYSE EPAC opened at $45.87 on Monday. The stock’s 50-day moving average is $44.17 and its two-hundred day moving average is $44.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a fifty-two week low of $32.28 and a fifty-two week high of $51.91. The firm has a market cap of $2.50 billion, a P/E ratio of 27.97 and a beta of 1.18.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share 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%. On average, analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.