Hsbc Holdings PLC Purchases New Position in Enerpac Tool Group Corp. $EPAC

Hsbc Holdings PLC purchased a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 15,893 shares of the company’s stock, valued at approximately $615,000.

Several other institutional investors and hedge funds have also bought and sold shares of EPAC. Tudor Investment Corp ET AL increased its stake in shares of Enerpac Tool Group by 58.0% during the third quarter. Tudor Investment Corp ET AL now owns 167,029 shares of the company’s stock valued at $6,848,000 after buying an additional 61,337 shares during the period. M&T Bank Corp lifted its stake in Enerpac Tool Group by 2,163.1% in the fourth quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock worth $42,992,000 after acquiring an additional 1,074,588 shares during the period. Teacher Retirement System of Texas lifted its stake in Enerpac Tool Group by 39.8% in the fourth quarter. Teacher Retirement System of Texas now owns 149,139 shares of the company’s stock worth $5,703,000 after acquiring an additional 42,442 shares during the period. Gibbs Wealth Management bought a new stake in Enerpac Tool Group in the fourth quarter valued at $741,000. Finally, JPMorgan Chase & Co. boosted its holdings in Enerpac Tool Group by 37.8% in the third quarter. JPMorgan Chase & Co. now owns 66,552 shares of the company’s stock valued at $2,729,000 after acquiring an additional 18,262 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Roth Capital restated a “buy” rating and issued a $50.00 price objective on shares of Enerpac Tool Group in a report on Thursday, July 9th. Weiss Ratings lowered shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Zacks Research downgraded shares of Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $50.00.

Enerpac Tool Group Trading Up 0.9%

NYSE EPAC opened at $34.47 on Thursday. The firm has a market capitalization of $1.76 billion, a PE ratio of 19.47 and a beta of 0.85. The stock’s 50 day moving average is $34.77 and its 200 day moving average is $37.26. Enerpac Tool Group Corp. has a twelve month low of $32.35 and a twelve month high of $45.00. The company has a quick ratio of 2.04, a current ratio of 2.67 and a debt-to-equity ratio of 0.41.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Tuesday, July 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $167.55 million during the quarter, compared to the consensus estimate of $165.60 million. Enerpac Tool Group had a return on equity of 23.21% and a net margin of 14.72%.The business’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts forecast that Enerpac Tool Group Corp. will post 1.87 earnings per share for the current fiscal year.

About Enerpac Tool Group

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.