Vanguard Group Inc. Raises Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Vanguard Group Inc. boosted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,120,411 shares of the company’s stock after acquiring an additional 10,915 shares during the quarter. Vanguard Group Inc. owned 11.25% of Enerpac Tool Group worth $251,488,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EPAC. Thrivent Financial for Lutherans grew its stake in shares of Enerpac Tool Group by 1,061.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company’s stock worth $20,351,000 after purchasing an additional 452,641 shares during the period. State Street Corp grew its position in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after buying an additional 336,323 shares during the period. Barclays PLC increased its holdings in Enerpac Tool Group by 321.7% in the third quarter. Barclays PLC now owns 107,979 shares of the company’s stock valued at $4,524,000 after buying an additional 82,376 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Enerpac Tool Group in the fourth quarter worth about $2,617,000. Finally, Swedbank AB purchased a new stake in shares of Enerpac Tool Group during the 4th quarter worth about $2,054,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Trading Down 6.6 %

Shares of EPAC stock opened at $39.63 on Friday. Enerpac Tool Group Corp. has a 1-year low of $34.59 and a 1-year high of $51.91. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 24.17 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The stock has a 50 day simple moving average of $44.89 and a 200-day simple moving average of $44.78.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share 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 company had revenue of $145.53 million during the quarter, compared to analysts’ expectations of $139.80 million. On average, equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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 target 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.