Comerica Bank Raises Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Comerica Bank boosted its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 102.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 38,689 shares of the company’s stock after acquiring an additional 19,536 shares during the period. Comerica Bank’s holdings in Enerpac Tool Group were worth $1,590,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Northern Trust Corp grew its stake in shares of Enerpac Tool Group by 10.9% in the fourth quarter. Northern Trust Corp now owns 617,474 shares of the company’s stock worth $25,372,000 after purchasing an additional 60,905 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth approximately $4,130,000. Two Sigma Securities LLC purchased a new position in shares of Enerpac Tool Group during the fourth quarter valued at approximately $270,000. Nebula Research & Development LLC raised its holdings in shares of Enerpac Tool Group by 35.2% during the fourth quarter. Nebula Research & Development LLC now owns 7,824 shares of the company’s stock valued at $321,000 after acquiring an additional 2,035 shares in the last quarter. Finally, Voya Investment Management LLC lifted its stake in Enerpac Tool Group by 706.6% in the fourth quarter. Voya Investment Management LLC now owns 144,723 shares of the company’s stock worth $5,947,000 after acquiring an additional 126,780 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $43.36 on Friday. Enerpac Tool Group Corp. has a one year low of $35.18 and a one year high of $51.91. The company has a 50-day simple moving average of $41.98 and a two-hundred day simple moving average of $44.30. 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 firm has a market capitalization of $2.35 billion, a PE ratio of 26.44 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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 price objective for the company.

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.