BNP Paribas Financial Markets Makes New Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

BNP Paribas Financial Markets bought a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,705 shares of the company's stock, valued at approximately $604,000.

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

Analyst Upgrades and Downgrades

EPAC has been the topic of a number of recent research reports. CJS Securities began coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an "outperform" rating and a $53.00 target price on the stock. Wall Street Zen raised shares of Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday.

Enerpac Tool Group Stock Up 2.9%

NYSE EPAC traded up $1.22 during mid-day trading on Tuesday, reaching $43.76. 159,842 shares of the company's stock traded hands, compared to its average volume of 329,563. The company has a fifty day simple moving average of $42.05 and a 200-day simple moving average of $44.15. Enerpac Tool Group Corp. has a 1-year low of $35.18 and a 1-year high of $51.91. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 26.68 and a beta of 1.20. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

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