Comerica Bank Acquires 19,536 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Comerica Bank increased its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 102.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,689 shares of the company's stock after buying an additional 19,536 shares during the period. Comerica Bank owned 0.07% of Enerpac Tool Group worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EPAC. Northern Trust Corp raised its holdings in Enerpac Tool Group by 10.9% in the 4th quarter. Northern Trust Corp now owns 617,474 shares of the company's stock valued at $25,372,000 after acquiring an additional 60,905 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Enerpac Tool Group in the fourth quarter worth $4,130,000. Two Sigma Securities LLC acquired a new position in Enerpac Tool Group in the fourth quarter valued at about $270,000. Nebula Research & Development LLC lifted its position in Enerpac Tool Group by 35.2% during the fourth quarter. Nebula Research & Development LLC now owns 7,824 shares of the company's stock worth $321,000 after purchasing an additional 2,035 shares during the period. Finally, Voya Investment Management LLC grew its stake in Enerpac Tool Group by 706.6% during the fourth quarter. Voya Investment Management LLC now owns 144,723 shares of the company's stock worth $5,947,000 after buying an additional 126,780 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Price Performance

Shares of EPAC stock traded down $0.64 during trading hours on Wednesday, reaching $45.44. The company's stock had a trading volume of 132,621 shares, compared to its average volume of 330,028. The firm's 50 day simple moving average is $42.03 and its 200-day simple moving average is $44.32. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 27.71 and a beta of 1.20. Enerpac Tool Group Corp. has a fifty-two week low of $35.18 and a fifty-two week high of $51.91. 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 released its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $145.53 million for 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%. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.