Voya Investment Management LLC Increases Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Voya Investment Management LLC lifted its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 706.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 144,723 shares of the company's stock after purchasing an additional 126,780 shares during the period. Voya Investment Management LLC owned about 0.27% of Enerpac Tool Group worth $5,947,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EPAC. Stifel Financial Corp purchased a new position in shares of Enerpac Tool Group in the 4th quarter worth about $3,010,000. State of Tennessee Department of Treasury raised its holdings in Enerpac Tool Group by 3.2% in the fourth quarter. State of Tennessee Department of Treasury now owns 27,636 shares of the company's stock worth $1,136,000 after buying an additional 857 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Enerpac Tool Group by 2.4% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company's stock worth $204,665,000 after buying an additional 117,203 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Enerpac Tool Group by 6.7% during the fourth quarter. MetLife Investment Management LLC now owns 33,223 shares of the company's stock valued at $1,365,000 after buying an additional 2,098 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. increased its position in shares of Enerpac Tool Group by 3.7% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 323,969 shares of the company's stock valued at $13,312,000 after acquiring an additional 11,608 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, CJS Securities initiated coverage on Enerpac Tool Group in a report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective for the company.

Enerpac Tool Group Stock Performance

Shares of EPAC stock traded down $0.42 during mid-day trading on Tuesday, reaching $41.63. 23,794 shares of the company's stock traded hands, compared to its average volume of 329,668. 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 firm has a market capitalization of $2.25 billion, a PE ratio of 25.38 and a beta of 1.20. Enerpac Tool Group Corp. has a 12 month low of $35.18 and a 12 month high of $51.91. The firm has a 50 day moving average price of $42.19 and a two-hundred day moving average price of $44.34.

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

About Enerpac Tool Group

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.