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

Barrow Hanley Mewhinney & Strauss LLC decreased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,209,176 shares of the company’s stock after selling 145,897 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 4.06% of Enerpac Tool Group worth $90,775,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Assetmark Inc. bought a new stake in Enerpac Tool Group during the 4th quarter valued at $29,000. Quarry LP increased its position in shares of Enerpac Tool Group by 110.7% during the third quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after acquiring an additional 436 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Enerpac Tool Group in the 4th quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Enerpac Tool Group in the 3rd quarter valued at about $42,000. Finally, Venturi Wealth Management LLC acquired a new position in Enerpac Tool Group during the 4th quarter valued at about $51,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $44.80 on Friday. The company has a fifty day moving average price of $44.97 and a 200-day moving average price of $44.70. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 27.32 and a beta of 1.18. 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 $34.47 and a 1 year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The business had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. As a group, equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.