Cerity Partners LLC Acquires New Shares in Enerpac Tool Group Corp. (NYSE:EPAC)

Cerity Partners LLC bought a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 202,886 shares of the company's stock, valued at approximately $8,338,000. Cerity Partners LLC owned about 0.37% of Enerpac Tool Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Assetmark Inc. purchased a new stake in Enerpac Tool Group in the fourth quarter worth $29,000. First Horizon Advisors Inc. purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $36,000. Venturi Wealth Management LLC bought a new position in Enerpac Tool Group in the fourth quarter worth about $51,000. Heck Capital Advisors LLC bought a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $99,000. Finally, KBC Group NV lifted its holdings in shares of Enerpac Tool Group by 91.7% during the 4th quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after purchasing an additional 1,225 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC traded down $0.24 during trading on Thursday, reaching $38.43. 109,012 shares of the company's stock traded hands, compared to its average volume of 331,654. The firm has a market cap of $2.08 billion, a PE ratio of 23.42 and a beta of 1.08. Enerpac Tool Group Corp. has a fifty-two week low of $34.59 and a fifty-two week high of $51.91. The company has a 50-day simple moving average of $43.78 and a 200-day simple moving average of $44.59. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

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

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.