M&T Bank Corp Purchases 39,599 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

M&T Bank Corp increased its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 211.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,327 shares of the company's stock after acquiring an additional 39,599 shares during the quarter. M&T Bank Corp owned about 0.11% of Enerpac Tool Group worth $2,616,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EPAC. Assetmark Inc. purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $29,000. Heck Capital Advisors LLC purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $99,000. CIBC Private Wealth Group LLC raised its stake in Enerpac Tool Group by 16.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock valued at $120,000 after purchasing an additional 418 shares in the last quarter. State of Wyoming purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $201,000. Finally, Cibc World Markets Corp purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $209,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Trading Down 1.3%

Shares of EPAC opened at $37.62 on Friday. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 23.08 and a beta of 1.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. Enerpac Tool Group Corp. has a fifty-two week low of $36.78 and a fifty-two week high of $51.91. The firm has a 50 day moving average price of $42.24 and a 200-day moving average price of $42.75.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on EPAC shares. Wall Street Zen raised shares of Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th. CJS Securities initiated coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective for the company.

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.

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