Wallace Advisory Group LLC Invests $254,000 in Enerpac Tool Group Corp. (NYSE:EPAC)

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

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. bought a new position in Enerpac Tool Group during the 4th quarter worth $29,000. First Horizon Advisors Inc. bought a new position in Enerpac Tool Group during the 4th quarter worth $36,000. Venturi Wealth Management LLC bought a new position in Enerpac Tool Group during the 4th quarter worth $51,000. Heck Capital Advisors LLC bought a new position in Enerpac Tool Group during the 4th quarter worth $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 buying an additional 1,225 shares during the period. Institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EPAC shares. Wall Street Zen cut Enerpac Tool Group from a "buy" rating to a "hold" rating in a research report on Sunday. CJS Securities began coverage on Enerpac Tool Group in a report on Friday, March 14th. They set an "outperform" rating and a $53.00 target price on the stock.

Enerpac Tool Group Price Performance

Shares of EPAC traded up $0.33 during trading hours on Thursday, hitting $43.05. 84,335 shares of the company were exchanged, compared to its average volume of 326,494. The firm's fifty day moving average is $41.80 and its 200 day moving average is $43.92. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 26.25 and a beta of 1.20. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a fifty-two week low of $35.18 and a fifty-two week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal 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.