PNC Financial Services Group Inc. Purchases 2,438 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

PNC Financial Services Group Inc. lifted its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 80.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,452 shares of the company’s stock after acquiring an additional 2,438 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Enerpac Tool Group were worth $224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EPAC. Intech Investment Management LLC bought a new position in Enerpac Tool Group during the third quarter valued at about $442,000. Wealthspire Advisors LLC bought a new position in Enerpac Tool Group during the fourth quarter valued at about $238,000. US Bancorp DE grew its position in Enerpac Tool Group by 117.5% during the fourth quarter. US Bancorp DE now owns 17,236 shares of the company’s stock valued at $708,000 after buying an additional 9,311 shares during the period. Geode Capital Management LLC grew its position in Enerpac Tool Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company’s stock valued at $51,797,000 after buying an additional 21,056 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Enerpac Tool Group by 3.5% during the fourth quarter. Principal Financial Group Inc. now owns 287,271 shares of the company’s stock worth $11,804,000 after purchasing an additional 9,777 shares during the period. Institutional investors own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 target price for the company.

Enerpac Tool Group Trading Down 3.0 %

Shares of Enerpac Tool Group stock opened at $42.04 on Friday. Enerpac Tool Group Corp. has a 12-month low of $34.47 and a 12-month high of $51.91. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 25.64 and a beta of 1.18. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $44.71 and its 200-day moving average price is $44.49.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, equities analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal 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.