Sei Investments Co. Buys 8,754 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Sei Investments Co. raised its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200,650 shares of the company’s stock after purchasing an additional 8,754 shares during the period. Sei Investments Co. owned approximately 0.37% of Enerpac Tool Group worth $8,245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPAC. Thrivent Financial for Lutherans lifted its stake in shares of Enerpac Tool Group by 1,061.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company’s stock valued at $20,351,000 after buying an additional 452,641 shares during the period. State Street Corp raised its holdings in Enerpac Tool Group by 16.3% in the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after acquiring an additional 336,323 shares in the last quarter. Barclays PLC lifted its position in shares of Enerpac Tool Group by 321.7% in the 3rd quarter. Barclays PLC now owns 107,979 shares of the company’s stock worth $4,524,000 after acquiring an additional 82,376 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Enerpac Tool Group during the 4th quarter worth approximately $2,617,000. Finally, Swedbank AB bought a new stake in shares of Enerpac Tool Group during the fourth quarter valued at approximately $2,054,000. 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 Enerpac Tool Group in a research report on Friday, March 14th. They issued an “outperform” rating and a $53.00 target price for the company.

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $44.80 on Monday. Enerpac Tool Group Corp. has a twelve month low of $34.47 and a twelve month high of $51.91. 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 P/E ratio of 27.32 and a beta of 1.18. The company’s 50-day simple moving average is $44.97 and its 200 day simple moving average is $44.73.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $145.53 million for 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%. As a group, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

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.