Townsquare Capital LLC Invests $4.80 Million in Enerpac Tool Group Corp. (NYSE:EPAC)

Townsquare Capital LLC 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 116,733 shares of the company's stock, valued at approximately $4,797,000. Townsquare Capital LLC owned 0.21% of Enerpac Tool Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EPAC. Thrivent Financial for Lutherans raised its position in Enerpac Tool Group by 1,061.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock worth $20,351,000 after purchasing an additional 452,641 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Enerpac Tool Group by 1,931.9% in the 4th quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock valued at $16,817,000 after purchasing an additional 389,121 shares during the last quarter. State Street Corp boosted its stake in Enerpac Tool Group by 16.3% in the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company's stock worth $100,263,000 after purchasing an additional 336,323 shares during the period. Cerity Partners LLC bought a new position in Enerpac Tool Group during the 4th quarter worth about $8,338,000. Finally, Grandeur Peak Global Advisors LLC lifted its holdings in shares of Enerpac Tool Group by 1,197.5% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company's stock valued at $8,563,000 after purchasing an additional 192,325 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, CJS Securities assumed coverage on 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 Stock Performance

EPAC stock traded down $0.28 during trading hours on Friday, reaching $38.39. The stock had a trading volume of 341,976 shares, compared to its average volume of 332,666. The stock has a 50-day simple moving average of $43.64 and a 200 day simple moving average of $44.56. Enerpac Tool Group Corp. has a fifty-two week low of $34.60 and a fifty-two week high of $51.91. The stock has a market capitalization of $2.08 billion, a PE ratio of 23.41 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24.

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

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.