AlphaQuest LLC Has $208,000 Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

AlphaQuest LLC trimmed its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 83.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,059 shares of the company's stock after selling 26,259 shares during the period. AlphaQuest LLC's holdings in Enerpac Tool Group were worth $208,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Amundi boosted its holdings in shares of Enerpac Tool Group by 184.7% in the 4th quarter. Amundi now owns 27,217 shares of the company's stock worth $1,121,000 after acquiring an additional 17,658 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Enerpac Tool Group by 80.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,452 shares of the company's stock worth $224,000 after acquiring an additional 2,438 shares during the last quarter. Edgestream Partners L.P. acquired a new position in shares of Enerpac Tool Group during the fourth quarter valued at $2,617,000. Raymond James Financial Inc. bought a new position in Enerpac Tool Group in the fourth quarter valued at about $1,185,000. Finally, Proficio Capital Partners LLC acquired a new stake in Enerpac Tool Group in the fourth quarter worth about $991,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price on the stock.

Remove Ads

Enerpac Tool Group Trading Down 0.5 %

NYSE:EPAC traded down $0.21 during mid-day trading on Thursday, hitting $43.34. The company had a trading volume of 301,342 shares, compared to its average volume of 312,590. The firm has a market cap of $2.36 billion, a P/E ratio of 26.43 and a beta of 1.18. Enerpac Tool Group Corp. has a fifty-two week low of $32.28 and a fifty-two week high of $51.91. The business's fifty day moving average is $44.64 and its two-hundred day moving average is $44.46. 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 (NYSE:EPAC - Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $0.40 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, research analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group Profile

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.