Grandeur Peak Global Advisors LLC Buys 192,325 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Grandeur Peak Global Advisors LLC grew its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1,197.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 208,385 shares of the company's stock after buying an additional 192,325 shares during the quarter. Grandeur Peak Global Advisors LLC owned 0.38% of Enerpac Tool Group worth $8,563,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EPAC. Assetmark Inc. acquired a new position in Enerpac Tool Group in the fourth quarter worth about $29,000. First Horizon Advisors Inc. acquired a new position in shares of Enerpac Tool Group in the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC bought a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $51,000. Heck Capital Advisors LLC acquired a new stake in Enerpac Tool Group in the 4th quarter valued at $99,000. Finally, KBC Group NV grew its position in Enerpac Tool Group by 91.7% in the fourth quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after acquiring an additional 1,225 shares during the period. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, CJS Securities started 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.

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Enerpac Tool Group Price Performance

Enerpac Tool Group stock traded down $0.32 during trading hours on Tuesday, hitting $39.73. 271,051 shares of the stock were exchanged, compared to its average volume of 332,666. Enerpac Tool Group Corp. has a 12 month low of $34.59 and a 12 month high of $51.91. The business's 50-day moving average is $44.04 and its two-hundred day moving average is $44.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The stock has a market capitalization of $2.15 billion, a P/E ratio of 24.23 and a beta of 1.08.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The business had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. Equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.