Raymond James Financial Inc. Invests $1.19 Million in Enerpac Tool Group Corp. (NYSE:EPAC)

Raymond James Financial Inc. acquired a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 28,835 shares of the company's stock, valued at approximately $1,185,000. Raymond James Financial Inc. owned 0.05% of Enerpac Tool Group as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Separately, CJS Securities started coverage on Enerpac Tool Group in a research note on Friday, March 14th. They set an "outperform" rating and a $53.00 target price for the company.

Enerpac Tool Group Price Performance

NYSE:EPAC traded up $0.28 during trading hours on Friday, hitting $43.51. The stock had a trading volume of 34,519 shares, compared to its average volume of 329,705. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a one year low of $35.18 and a one year high of $51.91. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 26.53 and a beta of 1.20. The company has a 50 day simple moving average of $41.99 and a two-hundred day simple moving average of $44.29.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The business had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal 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.