Proficio Capital Partners LLC Makes New $991,000 Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Proficio Capital Partners LLC purchased a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,120 shares of the company's stock, valued at approximately $991,000.

A number of other hedge funds also recently bought and sold shares of the business. Victory Capital Management Inc. raised its position in Enerpac Tool Group by 8.7% during the third quarter. Victory Capital Management Inc. now owns 25,219 shares of the company's stock valued at $1,056,000 after purchasing an additional 2,026 shares during the period. Intech Investment Management LLC purchased a new stake in Enerpac Tool Group during the 3rd quarter valued at $442,000. Charles Schwab Investment Management Inc. lifted its position in Enerpac Tool Group by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company's stock worth $26,033,000 after buying an additional 6,903 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Enerpac Tool Group by 22.4% during the third quarter. Daiwa Securities Group Inc. now owns 73,793 shares of the company's stock worth $3,091,000 after buying an additional 13,496 shares during the period. Finally, FMR LLC increased its position in Enerpac Tool Group by 16.5% during the third quarter. FMR LLC now owns 86,040 shares of the company's stock valued at $3,604,000 after acquiring an additional 12,158 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Trading Up 8.6 %

Shares of EPAC stock traded up $3.72 on Tuesday, reaching $47.10. 693,768 shares of the company's stock were exchanged, compared to its average volume of 312,113. The company's fifty day simple moving average is $44.75 and its 200 day simple moving average is $44.55. The stock has a market capitalization of $2.56 billion, a PE ratio of 28.72 and a beta of 1.18. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a 52 week low of $34.47 and a 52 week high of $51.91.

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Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $145.53 million during the quarter, compared to the consensus estimate 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 forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They set 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.