KLP Kapitalforvaltning AS Purchases Shares of 23,600 Enerpac Tool Group Corp. (NYSE:EPAC)

KLP Kapitalforvaltning AS bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,600 shares of the company's stock, valued at approximately $970,000.

A number of other hedge funds have also made changes to their positions in EPAC. Assetmark Inc. acquired a new stake in Enerpac Tool Group during the fourth quarter valued at $29,000. Quarry LP lifted its holdings in shares of Enerpac Tool Group by 110.7% during the 3rd 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. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group in the 4th quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Enerpac Tool Group in the third quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC acquired a new position in Enerpac Tool Group in the fourth quarter worth approximately $51,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Down 6.6 %

Enerpac Tool Group stock traded down $2.82 during mid-day trading on Friday, hitting $39.63. 513,875 shares of the company's stock were exchanged, compared to its average volume of 327,000. Enerpac Tool Group Corp. has a 1-year low of $34.59 and a 1-year high of $51.91. The stock has a 50 day moving average of $44.89 and a two-hundred day moving average of $44.78. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $2.14 billion, a P/E ratio of 24.17 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 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%. As a group, analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.