Barrow Hanley Mewhinney & Strauss LLC Sells 145,897 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,209,176 shares of the company’s stock after selling 145,897 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Enerpac Tool Group were worth $90,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intech Investment Management LLC bought a new position in shares of Enerpac Tool Group in the 3rd quarter worth $442,000. Amundi raised its position in Enerpac Tool Group by 184.7% during the fourth quarter. Amundi now owns 27,217 shares of the company’s stock valued at $1,121,000 after purchasing an additional 17,658 shares in the last quarter. Atria Investments Inc bought a new stake in Enerpac Tool Group during the fourth quarter worth about $261,000. Wealthspire Advisors LLC purchased a new position in shares of Enerpac Tool Group in the 4th quarter worth about $238,000. Finally, US Bancorp DE increased its position in shares of Enerpac Tool Group by 117.5% during the 4th quarter. US Bancorp DE now owns 17,236 shares of the company’s stock valued at $708,000 after purchasing an additional 9,311 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC opened at $44.80 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.42 billion, a PE ratio of 27.32 and a beta of 1.18. The company’s fifty day moving average is $44.97 and its 200 day moving average is $44.70. Enerpac Tool Group Corp. has a 52 week low of $34.47 and a 52 week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data 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 the consensus estimate of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. Research analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, CJS Securities began coverage on Enerpac Tool Group in a research note on Friday, March 14th. They issued an “outperform” rating and a $53.00 target price for the company.

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.