UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 27,076 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 174,360 shares of the company's stock after purchasing an additional 27,076 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Enerpac Tool Group worth $7,164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Assetmark Inc. bought a new position in Enerpac Tool Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. bought a new stake in Enerpac Tool Group during the fourth quarter valued at $36,000. Venturi Wealth Management LLC purchased a new position in Enerpac Tool Group during the fourth quarter worth about $51,000. Heck Capital Advisors LLC bought a new position in Enerpac Tool Group in the 4th quarter worth about $99,000. Finally, KBC Group NV raised its holdings in shares of Enerpac Tool Group by 91.7% in the 4th quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after acquiring an additional 1,225 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

EPAC has been the subject of several recent research reports. 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 objective for the company. Wall Street Zen downgraded shares of Enerpac Tool Group from a "buy" rating to a "hold" rating in a research report on Sunday.

Enerpac Tool Group Stock Up 0.1%

Shares of Enerpac Tool Group stock traded up $0.04 on Thursday, reaching $42.76. The company's stock had a trading volume of 64,698 shares, compared to its average volume of 326,411. Enerpac Tool Group Corp. has a 52 week low of $35.18 and a 52 week high of $51.91. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The firm's fifty day simple moving average is $41.80 and its two-hundred day simple moving average is $43.92. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 26.08 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. Equities analysts anticipate 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.