Raymond James Financial Inc. Acquires New Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Raymond James Financial Inc. bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the fourth quarter, Holdings Channel reports. The fund bought 28,835 shares of the company’s stock, valued at approximately $1,185,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPAC. Atria Investments Inc bought a new stake in shares of Enerpac Tool Group in the fourth quarter worth $261,000. Wealthspire Advisors LLC bought a new stake in shares of Enerpac Tool Group in the 4th quarter valued at about $238,000. US Bancorp DE grew its position in shares of Enerpac Tool Group by 117.5% in the 4th quarter. US Bancorp DE now owns 17,236 shares of the company’s stock valued at $708,000 after buying an additional 9,311 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $991,000. Finally, Geode Capital Management LLC raised its position in shares of Enerpac Tool Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company’s stock worth $51,797,000 after acquiring an additional 21,056 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Enerpac Tool Group Price Performance

EPAC stock opened at $46.04 on Thursday. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 28.07 and a beta of 1.18. The company’s fifty day simple moving average is $45.02 and its 200 day simple moving average is $44.81. Enerpac Tool Group Corp. has a 12-month low of $34.59 and a 12-month high of $51.91.

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