Atria Investments Inc bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,352 shares of the company's stock, valued at approximately $261,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Enerpac Tool Group during the fourth quarter worth $29,000. Quarry LP increased its position in shares of Enerpac Tool Group by 110.7% during the third quarter. Quarry LP now owns 830 shares of the company's stock worth $35,000 after acquiring an additional 436 shares during the period. First Horizon Advisors Inc. purchased a new position in Enerpac Tool Group in the fourth quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Enerpac Tool Group in the third quarter valued at $42,000. Finally, Venturi Wealth Management LLC purchased a new position in Enerpac Tool Group in the fourth quarter valued at $51,000. Hedge funds and other institutional investors own 97.70% of the company's stock.
Wall Street Analyst Weigh In
Separately, CJS Securities started coverage on Enerpac Tool Group in a report on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price on the stock.
Check Out Our Latest Analysis on Enerpac Tool Group
Enerpac Tool Group Stock Performance
NYSE EPAC traded down $1.30 during trading hours on Friday, hitting $42.04. The company had a trading volume of 809,673 shares, compared to its average volume of 313,981. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a 1-year low of $32.28 and a 1-year high of $51.91. The company has a market cap of $2.29 billion, a PE ratio of 25.64 and a beta of 1.18. The business has a 50 day moving average of $44.68 and a 200-day moving average of $44.45.
Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.
Enerpac Tool Group Company Profile
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Free Report)
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.
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