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

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC purchased a new stake in shares of Enerpac Tool Group during the 4th quarter worth about $99,000. CIBC Private Wealth Group LLC raised its position in shares of Enerpac Tool Group by 16.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock valued at $120,000 after acquiring an additional 418 shares in the last quarter. State of Wyoming acquired a new stake in shares of Enerpac Tool Group during the 4th quarter valued at approximately $201,000. Cibc World Markets Corp acquired a new stake in Enerpac Tool Group in the fourth quarter worth $209,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Enerpac Tool Group in the fourth quarter worth $210,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analyst Upgrades and Downgrades

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

Enerpac Tool Group Stock Up 0.9%

Shares of EPAC stock opened at $37.27 on Thursday. The stock's 50 day simple moving average is $41.96 and its 200 day simple moving average is $42.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. Enerpac Tool Group Corp. has a twelve month low of $36.12 and a twelve month high of $51.91. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 22.87 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. During the same quarter in the previous year, the firm earned $0.47 EPS. As a group, research analysts predict 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.

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