Alps Advisors Inc. Invests $368,000 in Enerpac Tool Group Corp. (NYSE:EPAC)

Alps Advisors Inc. acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,200 shares of the company's stock, valued at approximately $368,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its position in shares of Enerpac Tool Group by 13.6% in the 4th quarter. Federated Hermes Inc. now owns 46,272 shares of the company's stock worth $1,901,000 after acquiring an additional 5,528 shares in the last quarter. Principal Financial Group Inc. boosted its position in Enerpac Tool Group by 3.2% during the first quarter. Principal Financial Group Inc. now owns 296,448 shares of the company's stock worth $13,299,000 after purchasing an additional 9,177 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Enerpac Tool Group by 14.9% during the first quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company's stock valued at $316,000 after acquiring an additional 917 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Enerpac Tool Group by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock valued at $307,000 after acquiring an additional 440 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Enerpac Tool Group by 332.7% during the first quarter. SG Americas Securities LLC now owns 10,834 shares of the company's stock valued at $486,000 after acquiring an additional 8,330 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th.

Enerpac Tool Group Trading Down 0.6%

Shares of EPAC traded down $0.25 during midday trading on Friday, hitting $38.31. 493,912 shares of the stock were exchanged, compared to its average volume of 340,243. Enerpac Tool Group Corp. has a 52-week low of $36.51 and a 52-week high of $51.91. The stock has a fifty day simple moving average of $41.77 and a 200 day simple moving average of $42.61. The firm has a market cap of $2.07 billion, a P/E ratio of 23.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $158.66 million during the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. During the same period last year, the business posted $0.47 earnings per share. On average, research analysts anticipate 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.