Enerpac Tool Group Corp. (NYSE:EPAC) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 0.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,120,411 shares of the company’s stock after purchasing an additional 10,915 shares during the quarter. Vanguard Group Inc. owned about 0.11% of Enerpac Tool Group worth $251,488,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Assetmark Inc. acquired a new stake in Enerpac Tool Group in the 4th quarter valued at about $29,000. Quarry LP increased its holdings in shares of Enerpac Tool Group by 110.7% in the third quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after purchasing an additional 436 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in shares of Enerpac Tool Group in the fourth quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Enerpac Tool Group during the third quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC acquired a new position in Enerpac Tool Group during the fourth quarter worth $51,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $39.63 on Friday. The company’s 50-day moving average is $44.89 and its two-hundred day moving average is $44.78. The firm has a market capitalization 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. Enerpac Tool Group Corp. has a 1-year low of $34.59 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The company had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.