Envestnet Asset Management Inc. Increases Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Envestnet Asset Management Inc. lifted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 57.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 223,590 shares of the company's stock after buying an additional 81,323 shares during the period. Envestnet Asset Management Inc. owned approximately 0.41% of Enerpac Tool Group worth $10,030,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in shares of Enerpac Tool Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 296,448 shares of the company's stock worth $13,299,000 after buying an additional 9,177 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Enerpac Tool Group by 17.8% in the 1st quarter. Diversified Trust Co now owns 14,725 shares of the company's stock worth $661,000 after buying an additional 2,225 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Enerpac Tool Group by 15.8% in the 1st quarter. Bessemer Group Inc. now owns 22,888 shares of the company's stock worth $1,027,000 after buying an additional 3,125 shares during the last quarter. Precision Wealth Strategies LLC boosted its stake in shares of Enerpac Tool Group by 5.7% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,113 shares of the company's stock worth $588,000 after buying an additional 703 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Enerpac Tool Group by 14.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company's stock worth $316,000 after buying an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 5th.

Enerpac Tool Group Trading Down 0.6%

Shares of EPAC stock opened at $38.31 on Monday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 23.50 and a beta of 1.16. The company's fifty day simple moving average is $41.77 and its two-hundred day simple moving average is $42.64. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24.

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

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.

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