Expect Equity LLC Makes New Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Expect Equity LLC acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 30,398 shares of the company’s stock, valued at approximately $1,249,000. Expect Equity LLC owned 0.06% of Enerpac Tool Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Enerpac Tool Group by 2.8% during the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock valued at $468,000 after buying an additional 314 shares during the period. Summit Investment Advisors Inc. increased its position in Enerpac Tool Group by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company’s stock valued at $234,000 after purchasing an additional 361 shares during the period. CIBC Private Wealth Group LLC raised its holdings in Enerpac Tool Group by 16.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company’s stock worth $120,000 after purchasing an additional 418 shares in the last quarter. Assetmark Inc. purchased a new stake in shares of Enerpac Tool Group in the 4th quarter worth about $29,000. Finally, Swiss National Bank boosted its stake in shares of Enerpac Tool Group by 0.8% during the 4th quarter. Swiss National Bank now owns 106,800 shares of the company’s stock valued at $4,388,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock opened at $43.25 on Friday. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91. The firm has a market capitalization of $2.34 billion, a P/E ratio of 26.37 and a beta of 1.20. The business has a fifty day simple moving average of $41.99 and a two-hundred day simple moving average of $44.29. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The firm had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. On average, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 price objective on the stock.

About Enerpac Tool Group

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.