Enerpac Tool Group Corp. (NYSE:EPAC) Shares Acquired by Swiss National Bank

Swiss National Bank increased its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,800 shares of the company’s stock after purchasing an additional 800 shares during the period. Swiss National Bank’s holdings in Enerpac Tool Group were worth $4,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $29,000. Quarry LP boosted its stake in Enerpac Tool Group by 110.7% during the third quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after buying an additional 436 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in Enerpac Tool Group in the 4th quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Enerpac Tool Group in the 3rd quarter worth $42,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth $51,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Enerpac Tool Group Stock Up 8.6 %

Shares of NYSE EPAC opened at $47.10 on Wednesday. The company has a market capitalization of $2.56 billion, a P/E ratio of 28.72 and a beta of 1.18. 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 50 day simple moving average of $44.84 and a 200-day simple moving average of $44.60. Enerpac Tool Group Corp. has a 1 year low of $34.47 and a 1 year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $139.80 million. On average, equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.