F M Investments LLC Makes New Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

F M Investments LLC acquired a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,286 shares of the company’s stock, valued at approximately $340,000.

Several other hedge funds have also recently modified their holdings of EPAC. FMR LLC lifted its position in shares of Enerpac Tool Group by 16.5% in the third quarter. FMR LLC now owns 86,040 shares of the company’s stock worth $3,604,000 after buying an additional 12,158 shares in the last quarter. Verition Fund Management LLC bought a new stake in Enerpac Tool Group in the 3rd quarter worth approximately $323,000. HighTower Advisors LLC purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter worth approximately $1,201,000. State Street Corp boosted its position in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after acquiring an additional 336,323 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Enerpac Tool Group in the third quarter valued at $654,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 1.6 %

Shares of NYSE:EPAC opened at $39.95 on Friday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 24.36 and a beta of 1.08. Enerpac Tool Group Corp. has a 12 month low of $34.59 and a 12 month high of $51.91. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $44.15 and a 200 day moving average price of $44.65.

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

Analyst Upgrades and Downgrades

Separately, CJS Securities assumed 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 on the stock.

Enerpac Tool Group 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.