Raymond James Financial Inc. Makes New $1.19 Million Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Raymond James Financial Inc. 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. The institutional investor acquired 28,835 shares of the company’s stock, valued at approximately $1,185,000. Raymond James Financial Inc. owned about 0.05% of Enerpac Tool Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Enerpac Tool Group by 39.2% during the fourth quarter. Invesco Ltd. now owns 574,894 shares of the company’s stock valued at $23,622,000 after purchasing an additional 161,794 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Enerpac Tool Group by 2.8% in the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock worth $468,000 after buying an additional 314 shares during the period. Cerity Partners LLC acquired a new position in shares of Enerpac Tool Group in the fourth quarter worth about $8,338,000. Federated Hermes Inc. increased its position in shares of Enerpac Tool Group by 13.6% in the fourth quarter. Federated Hermes Inc. now owns 46,272 shares of the company’s stock worth $1,901,000 after acquiring an additional 5,528 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Enerpac Tool Group by 1,018.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 142,267 shares of the company’s stock valued at $5,846,000 after acquiring an additional 129,543 shares during the period. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Stock Up 3.1 %

Shares of Enerpac Tool Group stock opened at $41.93 on Friday. Enerpac Tool Group Corp. has a 1 year low of $35.18 and a 1 year high of $51.91. The company has a market cap of $2.27 billion, a P/E ratio of 25.57 and a beta of 1.08. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $42.26 and a 200 day moving average price of $44.35.

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

Wall Street Analyst Weigh In

Separately, CJS Securities started coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 price objective on the stock.

Enerpac Tool Group Company 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.