Enerpac Tool Group Corp. (NYSE:EPAC) Stake Lowered by Champlain Investment Partners LLC

Champlain Investment Partners LLC decreased its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 40.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,218,077 shares of the company’s stock after selling 831,884 shares during the period. Champlain Investment Partners LLC’s holdings in Enerpac Tool Group were worth $50,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in EPAC. Marshall Wace LLP bought a new position in Enerpac Tool Group in the 4th quarter worth about $231,000. Barclays PLC grew its holdings in Enerpac Tool Group by 1.3% in the 4th quarter. Barclays PLC now owns 109,426 shares of the company’s stock worth $4,496,000 after buying an additional 1,447 shares in the last quarter. Summit Investment Advisors Inc. increased its position in Enerpac Tool Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company’s stock valued at $234,000 after acquiring an additional 361 shares during the period. Townsquare Capital LLC bought a new stake in Enerpac Tool Group during the 4th quarter valued at $4,797,000. Finally, Grandeur Peak Global Advisors LLC boosted its position in Enerpac Tool Group by 1,197.5% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company’s stock worth $8,563,000 after acquiring an additional 192,325 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analysts Set New Price Targets

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

Enerpac Tool Group Stock Down 0.7 %

EPAC stock opened at $38.39 on Friday. The firm’s 50-day moving average is $43.64 and its two-hundred day moving average is $44.56. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 23.41 and a beta of 1.08. Enerpac Tool Group Corp. has a 52 week low of $34.60 and a 52 week high of $51.91. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $145.53 million for the quarter, compared to analysts’ expectations of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group 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.