Chancellor Financial Group WB LP Purchases Shares of 6,025 Enerpac Tool Group Corp. (NYSE:EPAC)

Chancellor Financial Group WB LP acquired a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,025 shares of the company's stock, valued at approximately $248,000.

Several other institutional 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% in 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. grew its position in Enerpac Tool Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock worth $234,000 after buying an additional 361 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in Enerpac Tool Group by 16.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock worth $120,000 after buying an additional 418 shares in the last quarter. Two Sigma Advisers LP grew 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 buying an additional 600 shares in the last quarter. Finally, Assetmark Inc. purchased a new position in Enerpac Tool Group during the fourth quarter worth about $29,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

EPAC traded down $0.30 on Friday, reaching $42.84. The company had a trading volume of 279,900 shares, compared to its average volume of 329,442. The business has a 50 day simple moving average of $42.07 and a 200 day simple moving average of $44.08. The company has a market cap of $2.32 billion, a price-to-earnings ratio of 26.12 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a 52-week low of $35.18 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting analysts' consensus estimates of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The business had revenue of $145.53 million for the quarter, compared to analysts' expectations of $139.80 million. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EPAC shares. Wall Street Zen raised shares of Enerpac Tool Group from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. CJS Securities started coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price on the stock.

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.