Stifel Financial Corp Takes $3.01 Million Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Stifel Financial Corp bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 73,256 shares of the company's stock, valued at approximately $3,010,000. Stifel Financial Corp owned 0.13% of Enerpac Tool Group as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. State of Tennessee Department of Treasury grew its position in Enerpac Tool Group by 3.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 27,636 shares of the company's stock worth $1,136,000 after purchasing an additional 857 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Enerpac Tool Group by 2.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company's stock worth $204,665,000 after acquiring an additional 117,203 shares during the period. MetLife Investment Management LLC raised its position in Enerpac Tool Group by 6.7% during the fourth quarter. MetLife Investment Management LLC now owns 33,223 shares of the company's stock valued at $1,365,000 after acquiring an additional 2,098 shares in the last quarter. Mesirow Institutional Investment Management Inc. lifted its holdings in Enerpac Tool Group by 3.7% in the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 323,969 shares of the company's stock valued at $13,312,000 after acquiring an additional 11,608 shares during the period. Finally, Commerce Bank purchased a new stake in Enerpac Tool Group in the 4th quarter worth approximately $241,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Trading Up 3.1 %

EPAC stock opened at $41.93 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a 52-week low of $35.18 and a 52-week high of $51.91. The company's 50-day simple moving average is $42.26 and its 200-day simple moving average is $44.35. The firm has a market cap of $2.27 billion, a P/E ratio of 25.57 and a beta of 1.08.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued 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 company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. As a group, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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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