Man Group plc Increases Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Man Group plc raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 130.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,131 shares of the company's stock after buying an additional 6,870 shares during the period. Man Group plc's holdings in Enerpac Tool Group were worth $498,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Federated Hermes Inc. increased its position in shares of Enerpac Tool Group by 13.6% during the fourth quarter. Federated Hermes Inc. now owns 46,272 shares of the company's stock worth $1,901,000 after purchasing an additional 5,528 shares in the last quarter. Amundi increased its position in shares of Enerpac Tool Group by 184.7% during the fourth quarter. Amundi now owns 27,217 shares of the company's stock worth $1,121,000 after purchasing an additional 17,658 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Enerpac Tool Group during the fourth quarter worth about $261,000. Wealthspire Advisors LLC acquired a new stake in shares of Enerpac Tool Group during the fourth quarter worth about $238,000. Finally, US Bancorp DE increased its position in shares of Enerpac Tool Group by 117.5% during the fourth quarter. US Bancorp DE now owns 17,236 shares of the company's stock worth $708,000 after purchasing an additional 9,311 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EPAC. Wall Street Zen upgraded Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price target on the stock.

Enerpac Tool Group Stock Performance

EPAC stock traded down $0.30 during trading on Friday, hitting $42.84. The company had a trading volume of 279,900 shares, compared to its average volume of 328,846. The firm has a market cap of $2.32 billion, a PE ratio of 26.12 and a beta of 1.20. Enerpac Tool Group Corp. has a 1-year low of $35.18 and a 1-year high of $51.91. The firm has a 50-day moving average price of $41.98 and a 200-day moving average price of $44.00. 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 (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting analysts' consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. On average, analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group 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.