Envestnet Asset Management Inc. Acquires 81,323 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Envestnet Asset Management Inc. lifted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 57.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 223,590 shares of the company's stock after purchasing an additional 81,323 shares during the period. Envestnet Asset Management Inc. owned 0.41% of Enerpac Tool Group worth $10,030,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in Enerpac Tool Group by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 296,448 shares of the company's stock worth $13,299,000 after acquiring an additional 9,177 shares during the period. Diversified Trust Co increased its stake in Enerpac Tool Group by 17.8% during the 1st quarter. Diversified Trust Co now owns 14,725 shares of the company's stock worth $661,000 after acquiring an additional 2,225 shares during the period. Bessemer Group Inc. increased its stake in Enerpac Tool Group by 15.8% during the 1st quarter. Bessemer Group Inc. now owns 22,888 shares of the company's stock worth $1,027,000 after acquiring an additional 3,125 shares during the period. Precision Wealth Strategies LLC increased its stake in Enerpac Tool Group by 5.7% during the 1st quarter. Precision Wealth Strategies LLC now owns 13,113 shares of the company's stock worth $588,000 after acquiring an additional 703 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Enerpac Tool Group by 14.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company's stock worth $316,000 after acquiring an additional 917 shares during the period. Institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Price Performance

Shares of EPAC traded down $0.25 during midday trading on Thursday, hitting $37.47. The company's stock had a trading volume of 327,172 shares, compared to its average volume of 576,306. Enerpac Tool Group Corp. has a one year low of $36.51 and a one year high of $51.91. The company's fifty day simple moving average is $41.12 and its two-hundred day simple moving average is $42.52. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of 22.99 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. The company had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. During the same quarter last year, the company posted $0.47 EPS. As a group, equities analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th.

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.