JPMorgan Chase & Co. Buys 18,262 Shares of Enerpac Tool Group Corp. $EPAC

JPMorgan Chase & Co. raised its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 37.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 66,552 shares of the company’s stock after buying an additional 18,262 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Enerpac Tool Group worth $2,729,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EPAC. Fifth Third Bancorp lifted its stake in shares of Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after acquiring an additional 479 shares during the period. Danske Bank A S bought a new position in Enerpac Tool Group during the 3rd quarter worth approximately $45,000. Advisory Services Network LLC acquired a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $61,000. State of Wyoming boosted its stake in shares of Enerpac Tool Group by 95.4% in the 2nd quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after purchasing an additional 1,315 shares during the last quarter. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Enerpac Tool Group during the third quarter worth $129,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $35.43 on Monday. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. Enerpac Tool Group Corp. has a twelve month low of $33.66 and a twelve month high of $46.39. The company has a fifty day moving average of $39.21 and a 200-day moving average of $39.62. The firm has a market capitalization of $1.83 billion, a P/E ratio of 22.14 and a beta of 0.99.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The business had revenue of $154.81 million during the quarter, compared to analysts’ expectations of $147.80 million. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

EPAC has been the subject of a number of analyst reports. William Blair assumed coverage on shares of Enerpac Tool Group in a research note on Friday, January 16th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerpac Tool Group in a report on Monday, December 29th. Finally, Wall Street Zen raised Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.00.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.