Wells Fargo & Company MN Has $16.82 Million Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Wells Fargo & Company MN increased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1,931.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 409,263 shares of the company's stock after acquiring an additional 389,121 shares during the quarter. Wells Fargo & Company MN owned 0.75% of Enerpac Tool Group worth $16,817,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Amundi raised its stake in Enerpac Tool Group by 184.7% during the 4th quarter. Amundi now owns 27,217 shares of the company's stock valued at $1,121,000 after purchasing an additional 17,658 shares during the period. Atria Investments Inc purchased a new position in shares of Enerpac Tool Group during the fourth quarter valued at $261,000. Wealthspire Advisors LLC acquired a new position in Enerpac Tool Group during the fourth quarter valued at $238,000. US Bancorp DE lifted its stake in Enerpac Tool Group by 117.5% in the 4th quarter. US Bancorp DE now owns 17,236 shares of the company's stock worth $708,000 after acquiring an additional 9,311 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Enerpac Tool Group during the 4th quarter worth about $991,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

Separately, CJS Securities began coverage on Enerpac Tool Group in a report on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price on the stock.

Enerpac Tool Group Stock Down 0.7 %

EPAC stock traded down $0.28 during midday trading on Friday, reaching $38.39. The company had a trading volume of 341,976 shares, compared to its average volume of 332,181. The company has a 50 day moving average of $43.49 and a two-hundred day moving average of $44.54. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a 1 year low of $34.64 and a 1 year high of $51.91. The company has a market capitalization of $2.08 billion, a P/E ratio of 23.41 and a beta of 1.08.

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, hitting 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. On average, equities research analysts expect 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.