SG Americas Securities LLC Buys 8,330 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

SG Americas Securities LLC lifted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 332.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,834 shares of the company's stock after buying an additional 8,330 shares during the quarter. SG Americas Securities LLC's holdings in Enerpac Tool Group were worth $486,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Portside Wealth Group LLC boosted its stake in Enerpac Tool Group by 21.4% during the first quarter. Portside Wealth Group LLC now owns 22,659 shares of the company's stock valued at $1,016,000 after buying an additional 3,996 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Enerpac Tool Group during the 1st quarter valued at about $254,000. Wallace Advisory Group LLC acquired a new position in shares of Enerpac Tool Group in the 1st quarter worth approximately $254,000. Rhumbline Advisers raised its holdings in shares of Enerpac Tool Group by 1.0% in the 1st quarter. Rhumbline Advisers now owns 152,454 shares of the company's stock worth $6,839,000 after purchasing an additional 1,484 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Enerpac Tool Group by 4,926.1% during the first quarter. GAMMA Investing LLC now owns 58,856 shares of the company's stock valued at $2,640,000 after purchasing an additional 57,685 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock traded down $2.61 during midday trading on Friday, hitting $41.53. The company had a trading volume of 1,053,305 shares, compared to its average volume of 322,767. Enerpac Tool Group Corp. has a 1-year low of $36.78 and a 1-year high of $51.91. The business's 50 day simple moving average is $42.48 and its two-hundred day simple moving average is $43.34. The stock has a market cap of $2.25 billion, a PE ratio of 24.57 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.06 and a quick ratio of 2.36.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $158.66 million during the quarter, compared to analysts' expectations of $159.35 million. Enerpac Tool Group had a return on equity of 24.61% and a net margin of 15.47%. During the same period last year, the business earned $0.47 earnings per share. As a group, equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on EPAC shares. Wall Street Zen cut shares of Enerpac Tool Group from a "buy" rating to a "hold" rating in a report on Sunday, June 1st. CJS Securities initiated coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price target 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.