Tower Research Capital LLC TRC Sells 2,000 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Tower Research Capital LLC TRC trimmed its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 57.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,502 shares of the company’s stock after selling 2,000 shares during the period. Tower Research Capital LLC TRC’s holdings in Enerpac Tool Group were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of EPAC. Assetmark Inc. acquired a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. acquired a new stake in Enerpac Tool Group in the fourth quarter valued at $36,000. Venturi Wealth Management LLC acquired a new position in Enerpac Tool Group during the 4th quarter worth about $51,000. Heck Capital Advisors LLC acquired a new position in Enerpac Tool Group during the 4th quarter worth about $99,000. Finally, KBC Group NV raised its holdings in Enerpac Tool Group by 91.7% during the 4th quarter. KBC Group NV now owns 2,561 shares of the company’s stock worth $105,000 after purchasing an additional 1,225 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

Shares of EPAC stock opened at $43.36 on Monday. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $41.98 and a two-hundred day simple moving average of $44.30. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91. The firm has a market capitalization of $2.35 billion, a PE ratio of 26.44 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC) last posted 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 company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 target price on the stock.

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.