Bryce Point Capital LLC Buys Shares of 13,276 Enerpac Tool Group Corp. (NYSE:EPAC)

Bryce Point Capital LLC purchased a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 13,276 shares of the company's stock, valued at approximately $546,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. SkyView Investment Advisors LLC raised its position in Enerpac Tool Group by 1.6% during the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company's stock valued at $713,000 after purchasing an additional 276 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake 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. Quarry LP grew its holdings in shares of Enerpac Tool Group by 110.7% during the third quarter. Quarry LP now owns 830 shares of the company's stock valued at $35,000 after buying an additional 436 shares during the last quarter. Glenmede Trust Co. NA grew its stake in Enerpac Tool Group by 2.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company's stock valued at $662,000 after purchasing an additional 447 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Enerpac Tool Group by 0.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company's stock valued at $6,170,000 after buying an additional 671 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Remove Ads

Enerpac Tool Group Stock Performance

EPAC traded up $0.15 on Tuesday, reaching $38.84. The stock had a trading volume of 113,046 shares, compared to its average volume of 328,027. The business's 50-day moving average price is $44.79 and its two-hundred day moving average price is $44.80. 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 Corp. has a 12-month low of $34.59 and a 12-month high of $51.91. The company has a market cap of $2.10 billion, a P/E ratio of 23.70 and a beta of 1.08.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.