Wallace Advisory Group LLC Purchases New Shares in Enerpac Tool Group Corp. (NYSE:EPAC)

Wallace Advisory Group LLC purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,172 shares of the company's stock, valued at approximately $254,000.

Other large investors have also recently made changes to their positions in the company. Assetmark Inc. purchased a new stake in Enerpac Tool Group during the fourth quarter worth about $29,000. First Horizon Advisors Inc. purchased a new position in shares of Enerpac Tool Group during the fourth quarter valued at approximately $36,000. Venturi Wealth Management LLC acquired a new stake in shares of Enerpac Tool Group during the fourth quarter worth $51,000. Heck Capital Advisors LLC purchased a new stake in Enerpac Tool Group in the 4th quarter valued at about $99,000. Finally, KBC Group NV grew its stake in shares of Enerpac Tool Group by 91.7% during the 4th quarter. KBC Group NV now owns 2,561 shares of the company's stock valued at $105,000 after buying an additional 1,225 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EPAC has been the subject of a number of research reports. CJS Securities began 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 downgraded Enerpac Tool Group from a "buy" rating to a "hold" rating in a research note on Sunday.

Enerpac Tool Group Stock Performance

Shares of EPAC stock traded up $0.43 during trading hours on Tuesday, reaching $42.69. The stock had a trading volume of 218,305 shares, compared to its average volume of 327,689. The firm has a 50-day simple moving average of $41.91 and a 200-day simple moving average of $43.93. Enerpac Tool Group Corp. has a twelve month low of $35.18 and a twelve month high of $51.91. The firm has a market capitalization of $2.31 billion, a PE ratio of 26.03 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share 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 business had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. As a group, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

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.