Bank of New York Mellon Corp Has $25.33 Million Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Bank of New York Mellon Corp cut its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 17.5% during the 4th quarter, HoldingsChannel.com reports. The fund owned 616,499 shares of the company’s stock after selling 130,908 shares during the period. Bank of New York Mellon Corp’s holdings in Enerpac Tool Group were worth $25,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC increased its position in shares of Enerpac Tool Group by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company’s stock worth $713,000 after acquiring an additional 276 shares in the last quarter. Quarry LP boosted its stake 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 purchasing an additional 436 shares during the period. Glenmede Trust Co. NA increased its holdings in Enerpac Tool Group by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company’s stock worth $662,000 after purchasing an additional 447 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Enerpac Tool Group by 0.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company’s stock valued at $6,170,000 after purchasing an additional 671 shares during the period. Finally, First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $36,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Up 1.9 %

EPAC stock opened at $45.87 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The stock has a market capitalization of $2.50 billion, a P/E ratio of 27.97 and a beta of 1.18. Enerpac Tool Group Corp. has a fifty-two week low of $32.28 and a fifty-two week high of $51.91. The business has a 50-day moving average of $44.17 and a 200-day moving average of $44.30.

Enerpac Tool Group (NYSE:EPAC) last released 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, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.