Moran Wealth Management LLC Takes $4.67 Million Position in Enerpac Tool Group Corp. $EPAC

Moran Wealth Management LLC bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 127,912 shares of the company’s stock, valued at approximately $4,665,000. Moran Wealth Management LLC owned 0.25% of Enerpac Tool Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EPAC. Janney Montgomery Scott LLC increased its holdings in Enerpac Tool Group by 9.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,894 shares of the company’s stock worth $288,000 after purchasing an additional 652 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Enerpac Tool Group by 14.2% during the first quarter. Pictet Asset Management Holding SA now owns 10,147 shares of the company’s stock worth $370,000 after buying an additional 1,264 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Enerpac Tool Group during the first quarter worth about $853,000. Hsbc Holdings PLC purchased a new stake in shares of Enerpac Tool Group during the fourth quarter worth approximately $615,000. Finally, Aristides Capital LLC purchased a new stake in shares of Enerpac Tool Group during the fourth quarter worth approximately $204,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Trading Down 0.3%

NYSE:EPAC opened at $34.77 on Friday. Enerpac Tool Group Corp. has a 1 year low of $32.35 and a 1 year high of $45.00. The stock has a market cap of $1.79 billion, a P/E ratio of 21.73 and a beta of 0.85. 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 stock has a 50-day simple moving average of $34.86 and a 200-day simple moving average of $37.50.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on EPAC shares. Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Weiss Ratings downgraded 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.