Edgestream Partners L.P. Makes New Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Edgestream Partners L.P. bought a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 63,694 shares of the company’s stock, valued at approximately $2,617,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in Enerpac Tool Group in the 4th quarter worth approximately $29,000. Quarry LP lifted its position in Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after buying an additional 436 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in Enerpac Tool Group in the 4th quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Enerpac Tool Group in the 3rd quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC purchased a new stake in Enerpac Tool Group in the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 1.9 %

Enerpac Tool Group stock opened at $45.87 on Monday. The company has a market capitalization of $2.50 billion, a P/E ratio of 27.97 and a beta of 1.18. The firm’s fifty day simple moving average is $44.17 and its 200-day simple moving average is $44.30. 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 1-year low of $32.28 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. Sell-side analysts forecast 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.