Voloridge Investment Management LLC Makes New Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Voloridge Investment Management LLC bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,446 shares of the company's stock, valued at approximately $799,000.

Several other large investors have also added to or reduced their stakes in EPAC. Assetmark Inc. bought a new position in shares of Enerpac Tool Group during the 4th quarter worth about $29,000. First Horizon Advisors Inc. bought a new stake in Enerpac Tool Group in the 4th quarter valued at about $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 bought a new position in Enerpac Tool Group in the fourth quarter worth approximately $99,000. Finally, KBC Group NV grew its stake in Enerpac Tool Group by 91.7% in the fourth 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 during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Stock Down 0.7%

Shares of EPAC traded down $0.30 on Friday, reaching $42.84. The company's stock had a trading volume of 279,900 shares, compared to its average volume of 328,846. The stock has a market capitalization of $2.32 billion, a PE ratio of 26.12 and a beta of 1.20. 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 twelve month low of $35.18 and a twelve month high of $51.91. The firm has a fifty day moving average of $41.98 and a 200-day moving average of $44.03.

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 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 company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EPAC shares. Wall Street Zen raised Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. CJS Securities started coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They set an "outperform" rating and a $53.00 price target 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.