Enerpac Tool Group Corp. (NYSE:EPAC) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,568 shares of the company's stock after buying an additional 15,258 shares during the period. Deutsche Bank AG owned 0.09% of Enerpac Tool Group worth $1,996,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in shares of Enerpac Tool Group during the 4th quarter worth approximately $29,000. First Horizon Advisors Inc. bought a new position in shares of Enerpac Tool Group during the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC bought a new position in shares of Enerpac Tool Group during the 4th quarter valued at approximately $51,000. Heck Capital Advisors LLC bought a new position in shares of Enerpac Tool Group during the 4th quarter valued at approximately $99,000. Finally, KBC Group NV increased its position in shares of Enerpac Tool Group by 91.7% during the 4th 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 during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Down 1.9%

Enerpac Tool Group stock traded down $0.82 during midday trading on Wednesday, reaching $42.95. The company's stock had a trading volume of 53,912 shares, compared to its average volume of 328,476. The stock's 50-day simple moving average is $42.06 and its 200-day simple moving average is $44.15. 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 Corp. has a 52-week low of $35.18 and a 52-week high of $51.91. The stock has a market capitalization of $2.32 billion, a P/E ratio of 26.29 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The firm had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. On average, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

EPAC has been the topic of several research analyst reports. CJS Securities initiated coverage on Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective on the stock. Wall Street Zen raised Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday.

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.