Bank of Montreal Can Purchases 314 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Bank of Montreal Can lifted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,381 shares of the company’s stock after acquiring an additional 314 shares during the period. Bank of Montreal Can’s holdings in Enerpac Tool Group were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in EPAC. Assetmark Inc. acquired a new stake in Enerpac Tool Group in the fourth quarter valued at about $29,000. First Horizon Advisors Inc. acquired a new position in Enerpac Tool Group during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC bought a new position in Enerpac Tool Group in the 4th quarter valued at approximately $51,000. Heck Capital Advisors LLC bought a new stake in shares of Enerpac Tool Group during the fourth quarter worth $99,000. Finally, KBC Group NV increased its holdings in shares of Enerpac Tool Group by 91.7% during the fourth quarter. KBC Group NV now owns 2,561 shares of the company’s stock worth $105,000 after buying an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Enerpac Tool Group Price Performance

EPAC stock opened at $37.44 on Tuesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a 52-week low of $35.07 and a 52-week high of $51.91. The company has a market capitalization of $2.02 billion, a P/E ratio of 22.83 and a beta of 1.08. The company has a fifty day moving average price of $43.35 and a 200-day moving average price of $44.54.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $145.53 million for the quarter, compared to analysts’ expectations of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, equities analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.