Enerpac Tool Group Corp. (NYSE:EPAC) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 230.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 535,310 shares of the company’s stock after acquiring an additional 373,372 shares during the period. Ameriprise Financial Inc. owned 0.98% of Enerpac Tool Group worth $21,996,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in EPAC. Assetmark Inc. purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $29,000. First Horizon Advisors Inc. purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $51,000. Heck Capital Advisors LLC purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $99,000. Finally, KBC Group NV raised its position in Enerpac Tool Group by 91.7% in the fourth quarter. KBC Group NV now owns 2,561 shares of the company’s stock valued at $105,000 after purchasing an additional 1,225 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Down 1.4%

Shares of NYSE EPAC opened at $45.44 on Thursday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 27.71 and a beta of 1.20. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a 52-week low of $35.18 and a 52-week high of $51.91. The business’s 50 day moving average is $42.02 and its two-hundred day moving average is $44.32.

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 return on equity of 25.39% and a net margin of 15.14%. The business had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Research analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.