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

Kayne Anderson Rudnick Investment Management LLC grew its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,980,906 shares of the company's stock after acquiring an additional 117,203 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 9.16% of Enerpac Tool Group worth $204,665,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in shares of Enerpac Tool Group in the fourth quarter worth about $29,000. First Horizon Advisors Inc. acquired a new stake in Enerpac Tool Group in the fourth quarter worth $36,000. Venturi Wealth Management LLC bought a new stake in Enerpac Tool Group in the 4th quarter valued at about $51,000. Heck Capital Advisors LLC acquired a new position in shares of Enerpac Tool Group during the fourth quarter worth approximately $99,000. Finally, KBC Group NV lifted its position in Enerpac Tool Group by 91.7% in the 4th quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after acquiring an additional 1,225 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on EPAC shares. CJS Securities assumed coverage on Enerpac Tool Group in a research note on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price on the stock. Wall Street Zen upgraded Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th.

Enerpac Tool Group Stock Performance

EPAC traded down $0.34 during midday trading on Friday, hitting $42.80. 42,248 shares of the company traded hands, compared to its average volume of 328,095. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $2.31 billion, a PE ratio of 26.09 and a beta of 1.20. The company's 50-day moving average is $42.07 and its 200 day moving average is $44.08. Enerpac Tool Group Corp. has a 52 week low of $35.18 and a 52 week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The company had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. On average, research analysts expect 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.