UBS Group AG Sells 47,657 Shares of Enerpac Tool Group Corp. $EPAC

UBS Group AG reduced its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 21.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 177,084 shares of the company’s stock after selling 47,657 shares during the quarter. UBS Group AG’s holdings in Enerpac Tool Group were worth $6,772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of EPAC. Fifth Third Bancorp increased its holdings in shares of Enerpac Tool Group by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after buying an additional 479 shares during the last quarter. Danske Bank A S bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth about $45,000. Advisory Services Network LLC bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth about $61,000. State of Wyoming increased its holdings in shares of Enerpac Tool Group by 95.4% in the 2nd quarter. State of Wyoming now owns 2,694 shares of the company’s stock worth $109,000 after buying an additional 1,315 shares during the last quarter. Finally, PharVision Advisers LLC bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth about $222,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Performance

Enerpac Tool Group stock opened at $33.11 on Wednesday. The company’s 50-day moving average price is $35.62 and its 200-day moving average price is $38.41. Enerpac Tool Group Corp. has a twelve month low of $32.90 and a twelve month high of $45.54. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.71 billion, a PE ratio of 20.69 and a beta of 0.89.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The firm had revenue of $154.81 million for the quarter, compared to the consensus estimate of $147.80 million. Enerpac Tool Group’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts forecast that Enerpac Tool Group Corp. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.00.

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.