BNP Paribas Financial Markets Takes Position in Enerpac Tool Group Corp. (NYSE:EPAC)

BNP Paribas Financial Markets purchased 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 and Exchange Commission. The institutional investor purchased 14,705 shares of the company's stock, valued at approximately $604,000.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EPAC shares. Wall Street Zen raised Enerpac Tool Group from a "hold" rating to a "buy" rating in a report on Saturday. CJS Securities started coverage on Enerpac Tool Group in a report on Friday, March 14th. They set an "outperform" rating and a $53.00 price objective on the stock.

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC traded down $0.82 on Wednesday, hitting $42.95. The company's stock had a trading volume of 53,912 shares, compared to its average volume of 328,476. The company has a 50-day simple moving average of $42.06 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 capitalization of $2.32 billion, a PE ratio of 26.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24.

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, meeting 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 firm had revenue of $145.53 million for the quarter, compared to analysts' expectations of $139.80 million. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.