Wells Fargo & Company MN Buys 389,121 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Wells Fargo & Company MN grew its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 1,931.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 409,263 shares of the company’s stock after purchasing an additional 389,121 shares during the period. Wells Fargo & Company MN owned about 0.75% of Enerpac Tool Group worth $16,817,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EPAC. Amundi boosted its position in Enerpac Tool Group by 184.7% in the fourth quarter. Amundi now owns 27,217 shares of the company’s stock valued at $1,121,000 after buying an additional 17,658 shares in the last quarter. Atria Investments Inc bought a new stake in Enerpac Tool Group during the 4th quarter worth approximately $261,000. Wealthspire Advisors LLC acquired a new stake in Enerpac Tool Group during the 4th quarter valued at $238,000. US Bancorp DE raised its position in Enerpac Tool Group by 117.5% in the 4th quarter. US Bancorp DE now owns 17,236 shares of the company’s stock valued at $708,000 after purchasing an additional 9,311 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Enerpac Tool Group in the fourth quarter worth $991,000. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Enerpac Tool Group Trading Up 1.6 %

Shares of NYSE EPAC opened at $39.95 on Monday. Enerpac Tool Group Corp. has a 1-year low of $34.59 and a 1-year high of $51.91. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $44.15 and a two-hundred day moving average of $44.67. The company has a market cap of $2.16 billion, a PE ratio of 24.36 and a beta of 1.08.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $145.53 million for the quarter, compared to the consensus estimate 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, equities analysts expect 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.