D. E. Shaw & Co. Inc. Sells 118,320 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

D. E. Shaw & Co. Inc. lowered its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 34.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 220,477 shares of the company’s stock after selling 118,320 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Enerpac Tool Group were worth $9,059,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Crestline Management LP purchased a new position in Enerpac Tool Group during the 4th quarter valued at $519,000. Captrust Financial Advisors lifted its position in shares of Enerpac Tool Group by 12.2% during the fourth quarter. Captrust Financial Advisors now owns 8,835 shares of the company’s stock worth $363,000 after purchasing an additional 964 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Enerpac Tool Group during the fourth quarter valued at $604,000. Ameriprise Financial Inc. grew its holdings in shares of Enerpac Tool Group by 230.6% in the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company’s stock worth $21,996,000 after purchasing an additional 373,372 shares during the last quarter. Finally, Comerica Bank increased its stake in Enerpac Tool Group by 102.0% in the 4th quarter. Comerica Bank now owns 38,689 shares of the company’s stock worth $1,590,000 after buying an additional 19,536 shares during the period. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, CJS Securities started 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 objective for the company.

Enerpac Tool Group Stock Down 1.4%

Shares of NYSE EPAC opened at $45.44 on Thursday. Enerpac Tool Group Corp. has a 52-week low of $35.18 and a 52-week high of $51.91. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 27.71 and a beta of 1.20. The stock has a 50 day moving average price of $42.02 and a 200 day moving average price of $44.32. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The business had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current 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.