Cibc World Markets Corp Purchases Shares of 5,088 Enerpac Tool Group Corp. (NYSE:EPAC)

Cibc World Markets Corp acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,088 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors have also modified their holdings of the company. Natixis Advisors LLC acquired a new stake in Enerpac Tool Group during the fourth quarter valued at approximately $657,000. Swiss National Bank increased its holdings in shares of Enerpac Tool Group by 0.8% in the fourth quarter. Swiss National Bank now owns 106,800 shares of the company’s stock valued at $4,388,000 after buying an additional 800 shares in the last quarter. Amundi lifted its position in shares of Enerpac Tool Group by 184.7% during the 4th quarter. Amundi now owns 27,217 shares of the company’s stock valued at $1,121,000 after acquiring an additional 17,658 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Enerpac Tool Group by 80.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,452 shares of the company’s stock worth $224,000 after acquiring an additional 2,438 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in shares of Enerpac Tool Group in the 4th quarter worth $2,617,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, CJS Securities assumed coverage on Enerpac Tool Group in a research report on Friday, March 14th. They issued an “outperform” rating and a $53.00 price target for the company.

Enerpac Tool Group Stock Performance

Enerpac Tool Group stock opened at $45.56 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The company has a market cap of $2.48 billion, a P/E ratio of 27.78 and a beta of 1.18. Enerpac Tool Group Corp. has a fifty-two week low of $34.47 and a fifty-two week high of $51.91. The firm’s 50 day simple moving average is $44.90 and its 200-day simple moving average is $44.61.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $145.53 million for the quarter, compared to the consensus estimate of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.