Northern Trust Corp Acquires 60,905 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Northern Trust Corp lifted its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 10.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 617,474 shares of the company’s stock after buying an additional 60,905 shares during the period. Northern Trust Corp owned about 1.14% of Enerpac Tool Group worth $25,372,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can boosted its position in Enerpac Tool Group by 2.8% during the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock valued at $468,000 after purchasing an additional 314 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in shares of Enerpac Tool Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company’s stock worth $234,000 after purchasing an additional 361 shares in the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of Enerpac Tool Group by 16.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company’s stock worth $120,000 after purchasing an additional 418 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Enerpac Tool Group in the 4th quarter valued at approximately $29,000. Finally, Swiss National Bank grew its stake in shares of Enerpac Tool Group by 0.8% in the fourth quarter. Swiss National Bank now owns 106,800 shares of the company’s stock valued at $4,388,000 after buying an additional 800 shares in the last quarter. 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 price target on the stock.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $43.36 on Monday. 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 business’s 50 day moving average price is $41.98 and its two-hundred day moving average price is $44.30. The company has a market cap of $2.35 billion, a PE ratio of 26.44 and a beta of 1.20. Enerpac Tool Group Corp. has a twelve month low of $35.18 and a twelve month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Monday, March 24th. The company reported $0.39 EPS 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 the consensus estimate of $139.80 million. On average, analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS 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.