Enerpac Tool Group Corp. (NYSE:EPAC) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 4,926.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,856 shares of the company's stock after acquiring an additional 57,685 shares during the period. GAMMA Investing LLC owned about 0.11% of Enerpac Tool Group worth $2,640,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans lifted its stake in shares of Enerpac Tool Group by 1,061.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock valued at $20,351,000 after buying an additional 452,641 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Enerpac Tool Group by 1,931.9% during the 4th quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock valued at $16,817,000 after buying an additional 389,121 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Enerpac Tool Group by 230.6% in the 4th quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock worth $21,996,000 after purchasing an additional 373,372 shares in the last quarter. Cerity Partners LLC purchased a new stake in Enerpac Tool Group in the 4th quarter worth approximately $8,338,000. Finally, Grandeur Peak Global Advisors LLC lifted its stake in Enerpac Tool Group by 1,197.5% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company's stock worth $8,563,000 after purchasing an additional 192,325 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Trading Up 1.1%

Shares of NYSE EPAC traded up $0.45 during mid-day trading on Monday, reaching $42.62. The company had a trading volume of 228,441 shares, compared to its average volume of 328,450. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a 52 week low of $35.18 and a 52 week high of $51.91. The business's 50-day moving average is $42.01 and its 200-day moving average is $43.57. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 25.99 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm 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%. Equities analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EPAC shares. Wall Street Zen cut shares of Enerpac Tool Group from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. CJS Securities initiated coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price for the company.

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.