Two Sigma Securities LLC Buys New Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Two Sigma Securities LLC bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,577 shares of the company's stock, valued at approximately $270,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EPAC. Nebula Research & Development LLC increased its holdings in Enerpac Tool Group by 35.2% in the 4th quarter. Nebula Research & Development LLC now owns 7,824 shares of the company's stock worth $321,000 after acquiring an additional 2,035 shares during the last quarter. Voya Investment Management LLC increased its stake in shares of Enerpac Tool Group by 706.6% in the fourth quarter. Voya Investment Management LLC now owns 144,723 shares of the company's stock worth $5,947,000 after purchasing an additional 126,780 shares in the last quarter. Stifel Financial Corp purchased a new position in shares of Enerpac Tool Group in the fourth quarter worth about $3,010,000. State of Tennessee Department of Treasury lifted its stake in shares of Enerpac Tool Group by 3.2% during the 4th quarter. State of Tennessee Department of Treasury now owns 27,636 shares of the company's stock valued at $1,136,000 after buying an additional 857 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Enerpac Tool Group by 2.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company's stock worth $204,665,000 after buying an additional 117,203 shares during the period. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Price Performance

EPAC traded up $1.28 during trading on Friday, reaching $41.93. 158,605 shares of the company were exchanged, compared to its average volume of 331,031. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 25.57 and a beta of 1.20. Enerpac Tool Group Corp. has a 12-month low of $35.18 and a 12-month high of $51.91. The company's 50-day moving average is $42.26 and its two-hundred day moving average is $44.35.

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, meeting analysts' consensus estimates of $0.39. The company had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. Research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They set an "outperform" rating and a $53.00 target price on the stock.

Enerpac Tool Group Company 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.