Hsbc Holdings PLC Makes New $615,000 Investment in Enerpac Tool Group Corp. $EPAC

Hsbc Holdings PLC acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,893 shares of the company’s stock, valued at approximately $615,000.

Several other institutional investors have also recently modified their holdings of EPAC. Danske Bank A S bought a new stake in Enerpac Tool Group in the 3rd quarter worth approximately $45,000. Kemnay Advisory Services Inc. purchased a new stake in Enerpac Tool Group in the fourth quarter worth approximately $47,000. Advisory Services Network LLC bought a new position in Enerpac Tool Group during the third quarter valued at approximately $61,000. Global Retirement Partners LLC purchased a new position in shares of Enerpac Tool Group during the fourth quarter worth approximately $78,000. Finally, State of Wyoming raised its stake in shares of Enerpac Tool Group by 95.4% during the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock worth $109,000 after acquiring an additional 1,315 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EPAC shares. Weiss Ratings cut shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Roth Capital reiterated a “buy” rating and issued a $50.00 target price on shares of Enerpac Tool Group in a research report on Thursday, July 9th. Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Zacks Research lowered shares of Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Enerpac Tool Group presently has an average rating of “Hold” and an average target price of $50.00.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $34.47 on Thursday. The firm has a market cap of $1.76 billion, a PE ratio of 19.47 and a beta of 0.85. Enerpac Tool Group Corp. has a fifty-two week low of $32.35 and a fifty-two week high of $45.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.67. The business has a 50 day moving average price of $34.77 and a 200-day moving average price of $37.26.

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

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.