Kayne Anderson Rudnick Investment Management LLC Increases Stock Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Kayne Anderson Rudnick Investment Management LLC raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,980,906 shares of the company's stock after purchasing an additional 117,203 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 9.16% of Enerpac Tool Group worth $204,665,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EPAC. Assetmark Inc. acquired a new position in Enerpac Tool Group during the 4th quarter worth approximately $29,000. First Horizon Advisors Inc. acquired a new position in Enerpac Tool Group during the 4th quarter worth approximately $36,000. Venturi Wealth Management LLC acquired a new position in Enerpac Tool Group during the 4th quarter worth approximately $51,000. Heck Capital Advisors LLC acquired a new position in Enerpac Tool Group during the 4th quarter worth approximately $99,000. Finally, KBC Group NV increased its position in Enerpac Tool Group by 91.7% during the 4th quarter. KBC Group NV now owns 2,561 shares of the company's stock worth $105,000 after purchasing an additional 1,225 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Price Performance

EPAC stock traded down $0.86 on Wednesday, reaching $42.91. The company had a trading volume of 143,112 shares, compared to its average volume of 329,431. Enerpac Tool Group Corp. has a 1 year low of $35.18 and a 1 year high of $51.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The company's fifty day moving average is $42.06 and its 200 day moving average is $44.15. The company has a market cap of $2.32 billion, a P/E ratio of 26.16 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted 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 return on equity of 25.39% and a net margin of 15.14%. The firm had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. On average, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EPAC shares. CJS Securities started coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an "outperform" rating and a $53.00 price target for the company. Wall Street Zen upgraded shares of Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday.

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.