Wealthspire Advisors LLC Acquires New Shares in Enerpac Tool Group Corp. (NYSE:EPAC)

Wealthspire Advisors LLC acquired a new stake in Enerpac Tool Group Corp. (NYSE:EPAC) in the fourth quarter, Holdings Channel.com reports. The firm acquired 5,790 shares of the company’s stock, valued at approximately $238,000.

A number of other hedge funds have also bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Enerpac Tool Group during the 3rd quarter valued at $235,000. Principal Financial Group Inc. grew its position in shares of Enerpac Tool Group by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 277,494 shares of the company’s stock valued at $11,624,000 after purchasing an additional 7,845 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Enerpac Tool Group by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 25,219 shares of the company’s stock valued at $1,056,000 after purchasing an additional 2,026 shares in the last quarter. Chesapeake Capital Corp IL grew its position in shares of Enerpac Tool Group by 28.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 11,963 shares of the company’s stock valued at $501,000 after purchasing an additional 2,664 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in shares of Enerpac Tool Group during the 3rd quarter valued at $1,312,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Down 0.1 %

EPAC opened at $45.39 on Friday. The company has a fifty day moving average price of $43.87 and a 200-day moving average price of $44.04. The firm has a market capitalization of $2.47 billion, a P/E ratio of 27.68 and a beta of 1.17. 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 Corp. has a one year low of $32.07 and a one 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 EPS 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%. Equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

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.