Envestnet Asset Management Inc. Raises Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Envestnet Asset Management Inc. raised its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1,018.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,267 shares of the company's stock after purchasing an additional 129,543 shares during the period. Envestnet Asset Management Inc. owned 0.26% of Enerpac Tool Group worth $5,846,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Enerpac Tool Group by 321.7% during the 3rd quarter. Barclays PLC now owns 107,979 shares of the company's stock valued at $4,524,000 after purchasing an additional 82,376 shares in the last quarter. Geode Capital Management LLC raised its holdings in Enerpac Tool Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company's stock worth $51,797,000 after acquiring an additional 21,056 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in Enerpac Tool Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company's stock worth $713,000 after acquiring an additional 276 shares during the last quarter. Tidal Investments LLC lifted its position in Enerpac Tool Group by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 18,419 shares of the company's stock valued at $772,000 after acquiring an additional 2,780 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Enerpac Tool Group by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 277,494 shares of the company's stock valued at $11,624,000 after purchasing an additional 7,845 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Enerpac Tool Group stock traded down $0.04 during midday trading on Friday, reaching $40.10. 85,069 shares of the company traded hands, compared to its average volume of 331,647. Enerpac Tool Group Corp. has a 12 month low of $35.12 and a 12 month high of $51.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The business has a 50 day moving average of $42.95 and a two-hundred day moving average of $44.44. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 24.40 and a beta of 1.08.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) 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 firm had revenue of $145.53 million for the quarter, compared to the consensus estimate of $139.80 million. As a group, research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group 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.