D. E. Shaw & Co. Inc. Reduces Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

D. E. Shaw & Co. Inc. reduced its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 220,477 shares of the company’s stock after selling 118,320 shares during the period. D. E. Shaw & Co. Inc. owned about 0.41% of Enerpac Tool Group worth $9,059,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in Enerpac Tool Group by 2.8% in the 4th quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock worth $468,000 after purchasing an additional 314 shares during the period. Summit Investment Advisors Inc. raised its stake in shares of Enerpac Tool Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company’s stock worth $234,000 after buying an additional 361 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of Enerpac Tool Group by 16.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company’s stock valued at $120,000 after buying an additional 418 shares in the last quarter. Assetmark Inc. purchased a new position in shares of Enerpac Tool Group during the 4th quarter valued at about $29,000. Finally, Swiss National Bank increased its holdings in Enerpac Tool Group by 0.8% in the 4th quarter. Swiss National Bank now owns 106,800 shares of the company’s stock worth $4,388,000 after acquiring an additional 800 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They issued an “outperform” rating and a $53.00 price target for the company.

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $45.44 on Thursday. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a twelve month low of $35.18 and a twelve month high of $51.91. The business has a 50-day moving average price of $42.02 and a 200-day moving average price of $44.32. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 27.71 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The business had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. As a group, equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

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.