Handelsbanken Fonder AB Acquires 1,400 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Handelsbanken Fonder AB boosted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,574 shares of the company’s stock after buying an additional 1,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Enerpac Tool Group were worth $722,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EPAC. State Street Corp raised its holdings in Enerpac Tool Group by 16.3% in 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 during 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 worth $4,524,000 after purchasing an additional 82,376 shares during the last quarter. Swedbank AB bought a new position in Enerpac Tool Group during the 4th quarter worth approximately $2,054,000. Quest Partners LLC bought a new position in Enerpac Tool Group during the 3rd quarter worth approximately $1,312,000. Finally, HighTower Advisors LLC bought a new position in Enerpac Tool Group during the 3rd quarter worth approximately $1,201,000. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 2.2 %

Enerpac Tool Group stock opened at $46.32 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a 52-week low of $32.07 and a 52-week high of $51.91. The firm has a 50 day moving average price of $43.91 and a two-hundred day moving average price of $44.11. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 28.25 and a beta of 1.17.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly 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%. Equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

About Enerpac Tool Group

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.