Deutsche Bank AG Buys 15,258 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Deutsche Bank AG grew its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 45.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,568 shares of the company’s stock after purchasing an additional 15,258 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Enerpac Tool Group worth $1,996,000 at the end of the most recent reporting period.

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

Enerpac Tool Group Trading Down 1.3%

NYSE:EPAC opened at $42.52 on Friday. 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 market capitalization of $2.30 billion, a PE ratio of 25.92 and a beta of 1.20. The firm’s 50 day moving average is $42.07 and its 200 day moving average is $44.30. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly 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%. Sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday. CJS Securities assumed coverage on Enerpac Tool Group in a research note on Friday, March 14th. They issued an “outperform” rating and a $53.00 target price on the stock.

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.