Raymond James Financial Inc. Buys New Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Raymond James Financial Inc. acquired a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,835 shares of the company's stock, valued at approximately $1,185,000. Raymond James Financial Inc. owned about 0.05% of Enerpac Tool Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp lifted its stake in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company's stock valued at $100,263,000 after buying an additional 336,323 shares in the last quarter. Barclays PLC raised its holdings 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 acquiring an additional 82,376 shares during the period. Swedbank AB purchased a new stake in shares of Enerpac Tool Group during the fourth quarter worth $2,054,000. HighTower Advisors LLC bought a new position in shares of Enerpac Tool Group in the third quarter worth $1,201,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Enerpac Tool Group in the fourth quarter valued at $991,000. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, CJS Securities began 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.

Remove Ads

Enerpac Tool Group Price Performance

NYSE:EPAC traded down $1.00 during mid-day trading on Monday, hitting $38.67. 680,687 shares of the stock traded hands, compared to its average volume of 328,810. The business's 50-day moving average price is $44.79 and its 200 day moving average price is $44.80. 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 company has a market cap of $2.09 billion, a PE ratio of 23.58 and a beta of 1.08. Enerpac Tool Group Corp. has a 12-month low of $34.59 and a 12-month high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The firm had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. On average, analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS 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.