Portside Wealth Group LLC Takes Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Portside Wealth Group LLC acquired a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 18,902 shares of the company's stock, valued at approximately $777,000.

Several other large investors also recently modified their holdings of EPAC. Contravisory Investment Management Inc. bought a new stake in shares of Enerpac Tool Group during the first quarter valued at approximately $254,000. Wallace Advisory Group LLC bought a new stake in shares of Enerpac Tool Group in the 1st quarter valued at about $254,000. Rhumbline Advisers increased its stake in shares of Enerpac Tool Group by 1.0% in the 1st quarter. Rhumbline Advisers now owns 152,454 shares of the company's stock valued at $6,839,000 after acquiring an additional 1,484 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Enerpac Tool Group by 4,926.1% in the 1st quarter. GAMMA Investing LLC now owns 58,856 shares of the company's stock valued at $2,640,000 after acquiring an additional 57,685 shares during the last quarter. Finally, Moody National Bank Trust Division increased its stake in shares of Enerpac Tool Group by 4.8% in 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 last quarter. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Trading Up 0.9%

Shares of NYSE EPAC traded up $0.41 during midday trading on Friday, reaching $43.26. 271,728 shares of the stock were exchanged, compared to its average volume of 328,088. The business has a 50-day simple moving average of $41.70 and a two-hundred day simple moving average of $43.80. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 26.38 and a beta of 1.20. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91. 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 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 firm had revenue of $145.53 million during the quarter, compared to analyst estimates 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EPAC shares. CJS Securities started coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an "outperform" rating and a $53.00 price target on the stock. Wall Street Zen cut shares of Enerpac Tool Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st.

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.