Bank of America Corp DE Has $4.53 Million Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Bank of America Corp DE lessened its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 28.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,328 shares of the company's stock after selling 43,526 shares during the period. Bank of America Corp DE owned about 0.20% of Enerpac Tool Group worth $4,533,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in EPAC. Assetmark Inc. bought a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $29,000. First Horizon Advisors Inc. acquired a new stake in shares of Enerpac Tool Group during the fourth quarter worth approximately $36,000. Venturi Wealth Management LLC acquired a new stake in shares of Enerpac Tool Group in the fourth quarter valued at approximately $51,000. Heck Capital Advisors LLC acquired a new stake in shares of Enerpac Tool Group in the fourth quarter valued at approximately $99,000. Finally, KBC Group NV increased its holdings in shares of 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 purchasing an additional 1,225 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on EPAC. Wall Street Zen cut shares of Enerpac Tool Group from a "buy" rating to a "hold" rating in a research note on Sunday. 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.

Enerpac Tool Group Stock Down 1.6%

EPAC traded down $0.67 during trading on Monday, hitting $42.22. The company had a trading volume of 148,918 shares, compared to its average volume of 328,123. 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 Corp. has a one year low of $35.18 and a one year high of $51.91. The firm's 50-day moving average price is $41.91 and its 200 day moving average price is $43.93. The company has a market capitalization of $2.28 billion, a PE ratio of 25.74 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $145.53 million for 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 analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.