Segall Bryant & Hamill LLC Trims Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Segall Bryant & Hamill LLC lessened its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 4.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 199,305 shares of the company’s stock after selling 8,796 shares during the quarter. Segall Bryant & Hamill LLC owned 0.37% of Enerpac Tool Group worth $8,941,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EPAC. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Enerpac Tool Group by 2.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company’s stock valued at $204,665,000 after buying an additional 117,203 shares during the last quarter. Northern Trust Corp boosted its stake in Enerpac Tool Group by 10.9% during the fourth quarter. Northern Trust Corp now owns 617,474 shares of the company’s stock valued at $25,372,000 after buying an additional 60,905 shares during the last quarter. Invesco Ltd. boosted its stake in Enerpac Tool Group by 39.2% during the fourth quarter. Invesco Ltd. now owns 574,894 shares of the company’s stock valued at $23,622,000 after buying an additional 161,794 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Enerpac Tool Group by 230.6% during the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company’s stock valued at $21,996,000 after buying an additional 373,372 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Enerpac Tool Group by 1,061.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company’s stock valued at $20,351,000 after buying an additional 452,641 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of EPAC stock opened at $38.54 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91. The stock’s 50-day moving average is $41.87 and its two-hundred day moving average is $42.63. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 23.65 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The company had revenue of $158.66 million during the quarter, compared to analysts’ expectations of $159.35 million. During the same period in the previous year, the company earned $0.47 EPS. Analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Enerpac Tool Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 5th.

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.