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Stifel Financial Corp Makes New $3.01 Million Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Enerpac Tool Group logo with Industrials background

Stifel Financial Corp acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 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 institutional investors and hedge funds also recently bought and sold shares of the business. Bank of Montreal Can lifted its holdings in Enerpac Tool Group by 2.8% during the 4th quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock worth $468,000 after purchasing an additional 314 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of Enerpac Tool Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock valued at $234,000 after purchasing an additional 361 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in Enerpac Tool Group by 16.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock worth $120,000 after purchasing an additional 418 shares during the period. Assetmark Inc. bought a new position in Enerpac Tool Group during the fourth quarter valued at $29,000. Finally, Swiss National Bank boosted its stake in shares of Enerpac Tool Group by 0.8% during the fourth quarter. Swiss National Bank now owns 106,800 shares of the company's stock valued at $4,388,000 after purchasing an additional 800 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, 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 target price for the company.

Read Our Latest Research Report on EPAC

Enerpac Tool Group Price Performance

Shares of EPAC traded down $0.03 during midday trading on Friday, reaching $43.20. The stock had a trading volume of 44,201 shares, compared to its average volume of 329,739. Enerpac Tool Group Corp. has a 52 week low of $35.18 and a 52 week high of $51.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The company has a market capitalization of $2.34 billion, a P/E ratio of 26.34 and a beta of 1.20. The firm's 50 day moving average price is $41.99 and its 200-day moving average price is $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 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. The firm had revenue of $145.53 million for the quarter, compared to analysts' expectations of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. On average, analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Profile

(Free Report)

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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Institutional Ownership by Quarter for Enerpac Tool Group (NYSE:EPAC)

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