Intech Investment Management LLC Boosts Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Intech Investment Management LLC increased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 416.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,395 shares of the company's stock after buying an additional 43,854 shares during the quarter. Intech Investment Management LLC owned about 0.10% of Enerpac Tool Group worth $2,235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EPAC. Victory Capital Management Inc. lifted its stake in shares of Enerpac Tool Group by 8.7% in the third quarter. Victory Capital Management Inc. now owns 25,219 shares of the company's stock valued at $1,056,000 after buying an additional 2,026 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Enerpac Tool Group by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company's stock valued at $26,033,000 after acquiring an additional 6,903 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Enerpac Tool Group by 22.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 73,793 shares of the company's stock valued at $3,091,000 after acquiring an additional 13,496 shares in the last quarter. FMR LLC increased its holdings in Enerpac Tool Group by 16.5% during the 3rd quarter. FMR LLC now owns 86,040 shares of the company's stock worth $3,604,000 after purchasing an additional 12,158 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Enerpac Tool Group in the third quarter worth approximately $341,000. Institutional investors own 97.70% of the company's stock.

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Enerpac Tool Group Stock Up 8.6 %

Shares of NYSE EPAC traded up $3.72 during trading on Tuesday, hitting $47.10. The stock had a trading volume of 693,781 shares, compared to its average volume of 312,113. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The firm has a fifty day moving average of $44.75 and a two-hundred day moving average of $44.55. Enerpac Tool Group Corp. has a 12 month low of $34.47 and a 12 month high of $51.91. The company has a market capitalization of $2.56 billion, a PE ratio of 28.72 and a beta of 1.18.

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

Wall Street Analyst Weigh In

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