Quest Partners LLC Makes New Investment in Enerpac Tool Group Corp. (NYSE:EPAC)

Quest Partners LLC acquired a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 12,156 shares of the company’s stock, valued at approximately $378,000.

A number of other hedge funds also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Enerpac Tool Group in the 3rd quarter valued at $87,000. Skandinaviska Enskilda Banken AB publ raised its position in Enerpac Tool Group by 72.5% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 6,900 shares of the company’s stock valued at $182,000 after buying an additional 2,900 shares during the last quarter. MainStreet Investment Advisors LLC acquired a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $255,000. Howe & Rusling Inc. raised its stake in Enerpac Tool Group by 5.3% in the 3rd quarter. Howe & Rusling Inc. now owns 14,245 shares of the company’s stock valued at $376,000 after acquiring an additional 721 shares during the period. Finally, Semanteon Capital Management LP bought a new position in Enerpac Tool Group during the 4th quarter worth $377,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

EPAC traded up $0.30 on Friday, hitting $38.24. 120,187 shares of the stock were exchanged, compared to its average volume of 234,926. The business has a 50-day moving average of $36.12 and a two-hundred day moving average of $32.53. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.11 and a quick ratio of 2.41. Enerpac Tool Group Corp. has a 12 month low of $24.58 and a 12 month high of $38.92. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of 30.10 and a beta of 1.19.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Thursday, March 21st. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The business had revenue of $138.44 million during the quarter, compared to the consensus estimate of $141.10 million. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. During the same quarter in the prior year, the firm earned $0.35 EPS. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.75 EPS 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.