Edgestream Partners L.P. Raises Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Edgestream Partners L.P. boosted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 19.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,276 shares of the company's stock after acquiring an additional 12,582 shares during the quarter. Edgestream Partners L.P. owned 0.14% of Enerpac Tool Group worth $3,422,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EPAC. Heck Capital Advisors LLC bought a new position in shares of Enerpac Tool Group in the fourth quarter valued at about $99,000. CIBC Private Wealth Group LLC increased its position in Enerpac Tool Group by 16.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock worth $120,000 after acquiring an additional 418 shares during the period. State of Wyoming bought a new position in Enerpac Tool Group during the fourth quarter worth about $201,000. Cibc World Markets Corp bought a new position in Enerpac Tool Group during the fourth quarter worth about $209,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Enerpac Tool Group during the fourth quarter worth about $210,000. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 5th.

Enerpac Tool Group Price Performance

EPAC stock traded down $0.25 during mid-day trading on Friday, hitting $38.31. The stock had a trading volume of 493,912 shares, compared to its average volume of 340,318. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 52 week low of $36.51 and a 52 week high of $51.91. The firm has a market capitalization of $2.07 billion, a P/E ratio of 23.50 and a beta of 1.16. The firm has a fifty day simple moving average of $41.77 and a 200 day simple moving average of $42.62.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The company had revenue of $158.66 million for the quarter, compared to the consensus estimate of $159.35 million. During the same period last year, the company posted $0.47 EPS. As a group, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.