US Bancorp DE Increases Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

US Bancorp DE increased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 117.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,236 shares of the company's stock after buying an additional 9,311 shares during the quarter. US Bancorp DE's holdings in Enerpac Tool Group were worth $708,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. State Street Corp increased its holdings in shares of Enerpac Tool Group by 16.3% in the third quarter. State Street Corp now owns 2,393,472 shares of the company's stock valued at $100,263,000 after purchasing an additional 336,323 shares during the period. Geode Capital Management LLC grew its position 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 valued at $51,797,000 after buying an additional 21,056 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Enerpac Tool Group by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company's stock valued at $26,033,000 after buying an additional 6,903 shares during the period. Principal Financial Group Inc. raised its position in Enerpac Tool Group by 3.5% during the 4th quarter. Principal Financial Group Inc. now owns 287,271 shares of the company's stock worth $11,804,000 after buying an additional 9,777 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Enerpac Tool Group by 0.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company's stock worth $6,170,000 after acquiring an additional 671 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

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Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock traded down $0.11 on Tuesday, reaching $44.97. 386,039 shares of the stock were exchanged, compared to its average volume of 325,516. The firm has a market capitalization of $2.45 billion, a PE ratio of 27.42 and a beta of 1.18. Enerpac Tool Group Corp. has a 1-year low of $32.28 and a 1-year high of $51.91. The business has a fifty day moving average price of $44.25 and a two-hundred day moving average price of $44.34. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, research analysts anticipate 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.