Proficio Capital Partners LLC Takes $991,000 Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Proficio Capital Partners LLC acquired a new stake in Enerpac Tool Group Corp. (NYSE:EPAC) in the fourth quarter, HoldingsChannel reports. The fund acquired 24,120 shares of the company’s stock, valued at approximately $991,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in shares of 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 acquiring an additional 336,323 shares during the period. Geode Capital Management LLC lifted its stake in shares of Enerpac Tool Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company’s stock worth $51,797,000 after buying an additional 21,056 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Enerpac Tool Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 626,058 shares of the company’s stock worth $25,725,000 after buying an additional 4,602 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of 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% during 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 buying an additional 671 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $42.04 on Friday. The firm has a 50-day moving average of $44.71 and a 200-day moving average of $44.46. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The stock has a market cap of $2.29 billion, a PE ratio of 25.64 and a beta of 1.18. Enerpac Tool Group Corp. has a 52-week low of $34.47 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share 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%. On average, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They set an “outperform” rating and a $53.00 target price for the company.

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.