Expect Equity LLC Buys New Shares in Enerpac Tool Group Corp. (NYSE:EPAC)

Expect Equity LLC acquired a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 30,398 shares of the company's stock, valued at approximately $1,249,000. Expect Equity LLC owned about 0.06% of Enerpac Tool Group at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in EPAC. Deutsche Bank AG raised its stake in Enerpac Tool Group by 45.8% during the fourth quarter. Deutsche Bank AG now owns 48,568 shares of the company's stock worth $1,996,000 after buying an additional 15,258 shares during the last quarter. Crestline Management LP bought a new stake in Enerpac Tool Group in the fourth quarter valued at $519,000. Captrust Financial Advisors increased its stake in Enerpac Tool Group by 12.2% in the fourth quarter. Captrust Financial Advisors now owns 8,835 shares of the company's stock valued at $363,000 after purchasing an additional 964 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Enerpac Tool Group in the fourth quarter valued at $604,000. Finally, Ameriprise Financial Inc. increased its stake in Enerpac Tool Group by 230.6% in the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock valued at $21,996,000 after purchasing an additional 373,372 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Enerpac Tool Group Stock Up 0.3%

Enerpac Tool Group stock traded up $0.13 during midday trading on Friday, hitting $43.36. 202,901 shares of the stock were exchanged, compared to its average volume of 331,146. Enerpac Tool Group Corp. has a 52-week low of $35.18 and a 52-week high of $51.91. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 26.44 and a beta of 1.20. The business's 50-day moving average price is $41.98 and its 200-day moving average price is $44.30. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47.

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, 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 firm had revenue of $145.53 million for the quarter, compared to analysts' expectations of $139.80 million. On average, research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

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.