Fox Run Management L.L.C. bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,372 shares of the company’s stock, valued at approximately $218,000.
Other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its stake in Enerpac Tool Group by 81.5% during the 1st quarter. Ameriprise Financial Inc. now owns 971,462 shares of the company’s stock worth $43,580,000 after buying an additional 436,152 shares during the period. Nuveen LLC acquired a new stake in shares of Enerpac Tool Group during the first quarter valued at about $12,804,000. MetLife Investment Management LLC increased its position in shares of Enerpac Tool Group by 849.1% during the first quarter. MetLife Investment Management LLC now owns 315,317 shares of the company’s stock worth $14,145,000 after acquiring an additional 282,094 shares during the last quarter. GW&K Investment Management LLC lifted its stake in shares of Enerpac Tool Group by 45.6% in the first quarter. GW&K Investment Management LLC now owns 759,566 shares of the company’s stock worth $34,074,000 after acquiring an additional 237,763 shares in the last quarter. Finally, Champlain Investment Partners LLC boosted its holdings in Enerpac Tool Group by 16.3% in the first quarter. Champlain Investment Partners LLC now owns 1,416,493 shares of the company’s stock valued at $63,544,000 after purchasing an additional 198,416 shares during the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.
Enerpac Tool Group Stock Performance
EPAC stock opened at $38.87 on Friday. The company has a current ratio of 2.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.06 billion, a P/E ratio of 22.73 and a beta of 1.11. Enerpac Tool Group Corp. has a 12-month low of $36.51 and a 12-month high of $49.77. The stock’s 50 day simple moving average is $41.11 and its 200 day simple moving average is $41.27.
Insider Buying and Selling at Enerpac Tool Group
In related news, CEO Paul Sternlieb sold 2,700 shares of the stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $44.00, for a total transaction of $118,800.00. Following the sale, the chief executive officer owned 328,342 shares in the company, valued at $14,447,048. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
EPAC has been the topic of several analyst reports. Zacks Research upgraded Enerpac Tool Group to a “hold” rating in a report on Monday, September 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enerpac Tool Group in a research report on Wednesday, October 8th. Roth Capital set a $51.00 price target on shares of Enerpac Tool Group and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.
View Our Latest Report on EPAC
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.
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