Moran Wealth Management LLC Buys New Stake in Enerpac Tool Group Corp. $EPAC

Moran Wealth Management LLC purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the 1st quarter, Holdings Channel.com reports. The firm purchased 127,912 shares of the company’s stock, valued at approximately $4,665,000.

Several other large investors also recently bought and sold shares of EPAC. AQR Capital Management LLC grew its holdings in shares of Enerpac Tool Group by 29.5% during the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company’s stock worth $1,221,000 after purchasing an additional 6,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Enerpac Tool Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company’s stock valued at $1,452,000 after purchasing an additional 1,425 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Enerpac Tool Group by 24.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company’s stock valued at $9,743,000 after purchasing an additional 42,835 shares during the period. Jane Street Group LLC boosted its position in shares of Enerpac Tool Group by 32.8% in the 1st quarter. Jane Street Group LLC now owns 131,506 shares of the company’s stock valued at $5,899,000 after purchasing an additional 32,491 shares during the period. Finally, Norges Bank purchased a new position in Enerpac Tool Group during the 2nd quarter worth approximately $1,253,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Down 0.3%

NYSE EPAC opened at $34.77 on Friday. The firm’s fifty day moving average is $34.86 and its two-hundred day moving average is $37.50. Enerpac Tool Group Corp. has a one year low of $32.35 and a one year high of $45.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.88 and a current ratio of 2.56. The firm has a market cap of $1.79 billion, a PE ratio of 21.73 and a beta of 0.85.

Analyst Upgrades and Downgrades

EPAC has been the topic of several research analyst reports. Wall Street Zen raised Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings lowered shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.