695 Shares in Enerpac Tool Group Corp. (NYSE:EPAC) Purchased by Assetmark Inc.

Assetmark Inc. purchased a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 695 shares of the company’s stock, valued at approximately $29,000.

Several other large investors have also recently added to or reduced their stakes in EPAC. Quarry LP increased its holdings in Enerpac Tool Group by 110.7% in the third quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after buying an additional 436 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Enerpac Tool Group in the fourth quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Enerpac Tool Group in the third quarter valued at about $42,000. Venturi Wealth Management LLC purchased a new position in Enerpac Tool Group in the fourth quarter valued at about $51,000. Finally, Heck Capital Advisors LLC purchased a new position in Enerpac Tool Group in the fourth quarter valued at about $99,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a report on Friday. They issued an “outperform” rating and a $53.00 target price for the company.

Enerpac Tool Group Stock Up 3.6 %

EPAC stock opened at $44.06 on Monday. The company’s 50 day simple moving average is $44.50 and its 200-day simple moving average is $44.43. The firm has a market capitalization of $2.40 billion, a PE ratio of 26.87 and a beta of 1.18. Enerpac Tool Group Corp. has a 12 month low of $32.28 and a 12 month high of $51.91. 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 (NYSE:EPAC) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal 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.