SG Americas Securities LLC lifted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC – Free Report) by 175.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,790 shares of the company’s stock after purchasing an additional 18,956 shares during the period. SG Americas Securities LLC owned about 0.06% of Enerpac Tool Group worth $1,208,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Enerpac Tool Group by 6.7% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,886 shares of the company’s stock valued at $563,000 after purchasing an additional 868 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its position in shares of Enerpac Tool Group by 5.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,335 shares of the company’s stock valued at $500,000 after acquiring an additional 625 shares during the period. Geode Capital Management LLC boosted its position in Enerpac Tool Group by 0.4% during the second quarter. Geode Capital Management LLC now owns 1,289,990 shares of the company’s stock worth $52,329,000 after purchasing an additional 5,314 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Enerpac Tool Group in the 2nd quarter worth about $218,000. Finally, Simplex Trading LLC acquired a new stake in shares of Enerpac Tool Group in the second quarter valued at approximately $75,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
Enerpac Tool Group Stock Up 1.7%
Enerpac Tool Group stock opened at $37.83 on Friday. The company has a 50-day simple moving average of $40.55 and a 200-day simple moving average of $41.13. Enerpac Tool Group Corp. has a one year low of $36.51 and a one year high of $49.77. The firm has a market capitalization of $2.00 billion, a P/E ratio of 22.12 and a beta of 1.11. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.17 and a current ratio of 2.74.
Insider Transactions at Enerpac Tool Group
In other news, CEO Paul Sternlieb sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $44.00, for a total transaction of $118,800.00. Following the sale, the chief executive officer owned 328,342 shares in the company, valued at $14,447,048. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on EPAC. Roth Capital set a $51.00 price target on shares of Enerpac Tool Group and gave the stock a “buy” rating in a report on Monday, October 20th. Weiss Ratings lowered Enerpac Tool Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, Zacks Research raised Enerpac Tool Group to a “hold” rating in a research report on Monday, September 8th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.00.
Check Out Our Latest Stock Report on EPAC
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.
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