Mesirow Institutional Investment Management Inc. Purchases 11,608 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Mesirow Institutional Investment Management Inc. increased its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,969 shares of the company's stock after purchasing an additional 11,608 shares during the period. Mesirow Institutional Investment Management Inc. owned approximately 0.60% of Enerpac Tool Group worth $13,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SkyView Investment Advisors LLC raised its position in shares of Enerpac Tool Group by 1.6% during the third quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company's stock worth $713,000 after purchasing an additional 276 shares during the period. Bank of Montreal Can grew its stake in shares of Enerpac Tool Group by 2.8% during the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock worth $468,000 after buying an additional 314 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in Enerpac Tool Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock valued at $234,000 after purchasing an additional 361 shares during the period. CIBC Private Wealth Group LLC raised its position 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 valued at $120,000 after buying an additional 418 shares during the last quarter. Finally, Assetmark Inc. purchased a new position in Enerpac Tool Group in the fourth quarter valued at about $29,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Trading Down 0.2 %

Enerpac Tool Group stock traded down $0.10 during mid-day trading on Friday, hitting $40.04. The company's stock had a trading volume of 65,439 shares, compared to its average volume of 331,520. 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 business has a 50 day moving average price of $42.95 and a 200-day moving average price of $44.44. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 24.35 and a beta of 1.08. Enerpac Tool Group Corp. has a 12 month low of $35.12 and a 12 month high of $51.91.

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 (EPS) for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The company had revenue of $145.53 million for the quarter, compared to analysts' expectations of $139.80 million. As a group, analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Wall Street Analysts Forecast Growth

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.

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.