Enerpac Tool Group Corp. (NYSE:EPAC) Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 33.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,694 shares of the company’s stock after selling 22,631 shares during the period. Allspring Global Investments Holdings LLC owned 0.08% of Enerpac Tool Group worth $1,390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC grew its holdings in shares of Enerpac Tool Group by 25.5% during the third quarter. Jennison Associates LLC now owns 2,661,861 shares of the company’s stock valued at $70,353,000 after purchasing an additional 540,747 shares during the last quarter. RK Capital Management LLC bought a new position in Enerpac Tool Group during the 3rd quarter worth $6,877,000. Invesco Ltd. increased its position in Enerpac Tool Group by 39.0% in the third quarter. Invesco Ltd. now owns 351,954 shares of the company’s stock worth $9,302,000 after buying an additional 98,763 shares during the period. Kennedy Capital Management LLC lifted its stake in Enerpac Tool Group by 49.2% in the third quarter. Kennedy Capital Management LLC now owns 257,172 shares of the company’s stock valued at $6,797,000 after buying an additional 84,835 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Enerpac Tool Group by 8.5% during the third quarter. Bank of New York Mellon Corp now owns 629,386 shares of the company’s stock valued at $16,635,000 after acquiring an additional 49,268 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 0.7 %

EPAC stock opened at $35.25 on Tuesday. The company has a quick ratio of 2.41, a current ratio of 3.11 and a debt-to-equity ratio of 0.71. The firm’s 50-day simple moving average is $34.19 and its 200 day simple moving average is $31.01. The stock has a market cap of $1.91 billion, a PE ratio of 27.76 and a beta of 1.21. Enerpac Tool Group Corp. has a fifty-two week low of $22.94 and a fifty-two week high of $35.92.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Thursday, March 21st. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Enerpac Tool Group had a return on equity of 26.38% and a net margin of 11.75%. The company had revenue of $138.44 million for the quarter, compared to analysts’ expectations of $141.10 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. As a group, sell-side analysts predict that Enerpac Tool Group Corp. will post 1.75 EPS for the current 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.