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

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.

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

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.