Envestnet Asset Management Inc. Buys 129,543 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Envestnet Asset Management Inc. raised its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1,018.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 142,267 shares of the company's stock after buying an additional 129,543 shares during the period. Envestnet Asset Management Inc. owned 0.26% of Enerpac Tool Group worth $5,846,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. purchased a new stake in Enerpac Tool Group during the fourth quarter worth about $29,000. First Horizon Advisors Inc. bought a new position in shares of Enerpac Tool Group during the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC purchased a new stake in shares of Enerpac Tool Group during the 4th quarter worth approximately $51,000. Heck Capital Advisors LLC bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth approximately $99,000. Finally, KBC Group NV lifted its stake in Enerpac Tool Group by 91.7% in the fourth quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after purchasing an additional 1,225 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

Separately, CJS Securities assumed coverage on 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 Stock Performance

Shares of EPAC traded up $0.07 during trading hours on Friday, hitting $40.20. The company's stock had a trading volume of 197,110 shares, compared to its average volume of 332,121. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 24.51 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. The business has a 50 day simple moving average of $42.81 and a two-hundred day simple moving average of $44.43. Enerpac Tool Group Corp. has a 52-week low of $35.12 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The business had revenue of $145.53 million for the quarter, compared to analysts' expectations of $139.80 million. On average, equities analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

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.