158,996 Shares in Enerpac Tool Group Corp. (NYSE:EPAC) Acquired by Norges Bank

Norges Bank bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 158,996 shares of the company's stock, valued at approximately $6,533,000. Norges Bank owned about 0.29% of Enerpac Tool Group as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in Enerpac Tool Group during the fourth quarter valued at about $29,000. Quarry LP increased its position in shares of Enerpac Tool Group by 110.7% during 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 period. First Horizon Advisors Inc. acquired a new position in shares of Enerpac Tool Group in the fourth quarter valued at $36,000. Venturi Wealth Management LLC bought a new position in Enerpac Tool Group in the fourth quarter worth $51,000. Finally, Heck Capital Advisors LLC acquired a new stake in Enerpac Tool Group during the fourth quarter worth $99,000. 97.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, CJS Securities began coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an "outperform" rating and a $53.00 target price on the stock.

Enerpac Tool Group Price Performance

EPAC stock traded up $0.26 during trading on Monday, hitting $40.25. The company had a trading volume of 2,146 shares, compared to its average volume of 332,143. The company has a fifty day moving average price of $44.15 and a two-hundred day moving average price of $44.67. Enerpac Tool Group Corp. has a fifty-two week low of $34.59 and a fifty-two week high of $51.91. The company has a market cap of $2.18 billion, a P/E ratio of 24.55 and a beta of 1.08. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

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Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results 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 net margin of 15.14% and a return on equity of 25.39%. The business had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Equities research 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.