Rhumbline Advisers Trims Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Rhumbline Advisers cut its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 1.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 150,970 shares of the company’s stock after selling 2,507 shares during the quarter. Rhumbline Advisers’ holdings in Enerpac Tool Group were worth $6,203,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Enerpac Tool Group by 16.3% in the third quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after acquiring an additional 336,323 shares in the last quarter. Barclays PLC lifted its position in shares of Enerpac Tool Group by 321.7% in the 3rd quarter. Barclays PLC now owns 107,979 shares of the company’s stock worth $4,524,000 after purchasing an additional 82,376 shares during the period. Swedbank AB purchased a new stake in shares of Enerpac Tool Group in the 4th quarter worth about $2,054,000. Quest Partners LLC bought a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at about $1,312,000. Finally, HighTower Advisors LLC purchased a new position in shares of Enerpac Tool Group during the third quarter valued at about $1,201,000. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

EPAC stock opened at $45.38 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a 1 year low of $32.07 and a 1 year high of $51.91. The firm has a 50-day moving average of $43.86 and a 200 day moving average of $44.03. The company has a market cap of $2.47 billion, a P/E ratio of 27.67 and a beta of 1.17.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 forecast that Enerpac Tool Group Corp. will post 1.78 EPS 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.