Comerica Bank Sells 8,445 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Comerica Bank cut its stake in Enerpac Tool Group Corp. (NYSE:EPACGet Rating) by 15.1% during the third quarter, HoldingsChannel reports. The firm owned 47,539 shares of the company’s stock after selling 8,445 shares during the period. Comerica Bank’s holdings in Enerpac Tool Group were worth $1,174,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Enerpac Tool Group by 808.7% in the first quarter. US Bancorp DE now owns 1,563 shares of the company’s stock worth $34,000 after purchasing an additional 1,391 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Enerpac Tool Group by 183.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock worth $64,000 after purchasing an additional 1,902 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Enerpac Tool Group by 58.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,942 shares of the company’s stock worth $52,000 after acquiring an additional 1,085 shares during the period. Captrust Financial Advisors lifted its stake in Enerpac Tool Group by 180.5% in the first quarter. Captrust Financial Advisors now owns 3,537 shares of the company’s stock worth $77,000 after acquiring an additional 2,276 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in Enerpac Tool Group in the first quarter worth about $102,000. 97.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, TheStreet lowered shares of Enerpac Tool Group from a “b-” rating to a “c” rating in a research note on Wednesday, December 21st.

Enerpac Tool Group Price Performance

NYSE:EPAC opened at $24.13 on Tuesday. Enerpac Tool Group Corp. has a 1-year low of $16.09 and a 1-year high of $27.37. The company has a 50-day moving average of $24.77 and a 200 day moving average of $22.20. The firm has a market cap of $1.37 billion, a PE ratio of 65.22 and a beta of 1.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.29 and a quick ratio of 1.70.

Enerpac Tool Group (NYSE:EPACGet Rating) last released its quarterly earnings data on Tuesday, December 20th. The company reported $0.29 earnings per share for the quarter. The company had revenue of $139.38 million during the quarter. Enerpac Tool Group had a net margin of 3.71% and a return on equity of 15.80%.

Enerpac Tool Group Profile

(Get Rating)

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, and internationally. It operates through Industrial Tools & Services (IT&S) and Other segments. The IT&S 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.

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Institutional Ownership by Quarter for Enerpac Tool Group (NYSE:EPAC)

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