18,902 Shares in Enerpac Tool Group Corp. (NYSE:EPAC) Bought by Portside Wealth Group LLC

Portside Wealth Group LLC bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,902 shares of the company's stock, valued at approximately $777,000.

A number of other large investors have also added to or reduced their stakes in EPAC. Bank of Montreal Can lifted its holdings in shares of Enerpac Tool Group by 2.8% during the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock worth $468,000 after buying an additional 314 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in Enerpac Tool Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock worth $234,000 after purchasing an additional 361 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in shares of Enerpac Tool Group by 16.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock valued at $120,000 after buying an additional 418 shares during the period. Moody National Bank Trust Division lifted its position in shares of Enerpac Tool Group by 4.8% during the 1st quarter. Moody National Bank Trust Division now owns 10,967 shares of the company's stock valued at $492,000 after acquiring an additional 506 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Enerpac Tool Group by 8.0% during the fourth quarter. Two Sigma Advisers LP now owns 8,100 shares of the company's stock worth $333,000 after purchasing an additional 600 shares during the period. Institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Trading Up 0.9%

EPAC traded up $0.41 during midday trading on Friday, hitting $43.26. 271,728 shares of the company were exchanged, compared to its average volume of 327,505. The firm's 50 day moving average price is $41.76 and its 200-day moving average price is $43.88. Enerpac Tool Group Corp. has a 1-year low of $35.18 and a 1-year high of $51.91. The firm has a market capitalization of $2.34 billion, a P/E ratio of 26.38 and a beta of 1.20. 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 announced its 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 analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Enerpac Tool Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st. 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 target on the stock.

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.