Enerpac Tool Group Corp. (NYSE:EPAC) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 0.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,120,411 shares of the company's stock after buying an additional 10,915 shares during the period. Vanguard Group Inc. owned 11.25% of Enerpac Tool Group worth $251,488,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in shares of Enerpac Tool Group by 1,061.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock valued at $20,351,000 after acquiring an additional 452,641 shares during the period. State Street Corp boosted its stake in 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 purchasing an additional 336,323 shares in the last quarter. Barclays PLC increased its position in shares of 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 during the period. Edgestream Partners L.P. acquired a new position in shares of Enerpac Tool Group during the 4th quarter valued at $2,617,000. Finally, Swedbank AB acquired a new stake in shares of Enerpac Tool Group in the fourth quarter valued at $2,054,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Analyst Ratings Changes

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

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Enerpac Tool Group Price Performance

EPAC stock traded up $3.29 on Wednesday, hitting $40.76. 589,777 shares of the company's stock traded hands, compared to its average volume of 332,241. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 24.85 and a beta of 1.08. 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 stock has a fifty day moving average of $44.37 and a 200-day moving average of $44.69.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $145.53 million during 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%. On average, analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.