Kayne Anderson Rudnick Investment Management LLC Raises Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Kayne Anderson Rudnick Investment Management LLC lifted its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 2.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,980,906 shares of the company's stock after acquiring an additional 117,203 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 9.16% of Enerpac Tool Group worth $204,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in Enerpac Tool Group by 13.6% during the fourth quarter. Federated Hermes Inc. now owns 46,272 shares of the company's stock worth $1,901,000 after buying an additional 5,528 shares in the last quarter. Amundi raised its holdings in shares of Enerpac Tool Group by 184.7% during 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 during the period. Atria Investments Inc acquired a new position in shares of Enerpac Tool Group during the 4th quarter valued at about $261,000. Wealthspire Advisors LLC purchased a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $238,000. Finally, US Bancorp DE increased its position in Enerpac Tool Group by 117.5% during the fourth quarter. US Bancorp DE now owns 17,236 shares of the company's stock worth $708,000 after purchasing an additional 9,311 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Trading Down 0.2 %

Shares of NYSE EPAC traded down $0.07 during mid-day trading on Friday, reaching $40.06. 71,148 shares of the company's stock were exchanged, compared to its average volume of 331,553. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 24.42 and a beta of 1.08. Enerpac Tool Group Corp. has a 52-week low of $35.12 and a 52-week high of $51.91. The company's 50-day moving average is $42.95 and its 200-day moving average is $44.44. 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 announced its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting 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 analysts' expectations of $139.80 million. Analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analyst Ratings Changes

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

About Enerpac Tool Group

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.