Enerpac Tool Group Corp. (NYSE:EPAC) Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,800 shares of the company’s stock after buying an additional 800 shares during the period. Swiss National Bank owned 0.20% of Enerpac Tool Group worth $4,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in Enerpac Tool Group during the third quarter valued at $442,000. Wealthspire Advisors LLC purchased a new stake in shares of Enerpac Tool Group in the fourth quarter worth about $238,000. US Bancorp DE boosted its stake in shares of Enerpac Tool Group by 117.5% in the fourth quarter. US Bancorp DE now owns 17,236 shares of the company’s stock worth $708,000 after buying an additional 9,311 shares during the last quarter. Atria Investments Inc acquired a new stake in Enerpac Tool Group during the fourth quarter worth about $261,000. Finally, 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 acquiring an additional 17,658 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Enerpac Tool Group Stock Up 8.6 %

EPAC opened at $47.10 on Wednesday. The company has a fifty day moving average of $44.84 and a two-hundred day moving average of $44.60. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 28.72 and a beta of 1.18. Enerpac Tool Group Corp. has a fifty-two week low of $34.47 and a fifty-two week high of $51.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92.

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