8,286 Shares in Enerpac Tool Group Corp. (NYSE:EPAC) Bought by F M Investments LLC

F M Investments LLC acquired a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,286 shares of the company’s stock, valued at approximately $340,000.

Other institutional investors also recently bought and sold shares of the company. CenterBook Partners LP lifted its stake in shares of Enerpac Tool Group by 304.2% in the 4th quarter. CenterBook Partners LP now owns 41,432 shares of the company’s stock worth $1,702,000 after purchasing an additional 31,182 shares during the period. Raymond James Financial Inc. purchased a new stake in Enerpac Tool Group during the fourth quarter valued at approximately $1,185,000. Invesco Ltd. raised its position in Enerpac Tool Group by 39.2% in the fourth quarter. Invesco Ltd. now owns 574,894 shares of the company’s stock worth $23,622,000 after acquiring an additional 161,794 shares during the period. Bank of Montreal Can boosted its stake in shares of 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 acquiring an additional 314 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Enerpac Tool Group during the 4th quarter valued at $8,338,000. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 1.6 %

NYSE EPAC opened at $39.95 on Friday. Enerpac Tool Group Corp. has a 52 week low of $34.59 and a 52 week high of $51.91. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $2.16 billion, a P/E ratio of 24.36 and a beta of 1.08. The stock’s 50-day moving average price is $44.15 and its 200-day moving average price is $44.65.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The company 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, equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, CJS Securities started coverage on Enerpac Tool Group in a research note on Friday, March 14th. They issued an “outperform” rating and a $53.00 price objective 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.