Intech Investment Management LLC Increases Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Intech Investment Management LLC increased its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 416.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,395 shares of the company’s stock after purchasing an additional 43,854 shares during the quarter. Intech Investment Management LLC owned 0.10% of Enerpac Tool Group worth $2,235,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Assetmark Inc. purchased a new position in shares of Enerpac Tool Group in the 4th quarter valued at about $29,000. Quarry LP increased its holdings in Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after acquiring an additional 436 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Enerpac Tool Group during the 3rd quarter valued at about $42,000. Finally, Venturi Wealth Management LLC purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $51,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They set an “outperform” rating and a $53.00 target price for the company.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $43.34 on Friday. Enerpac Tool Group Corp. has a twelve month low of $32.28 and a twelve month high of $51.91. The company has a market capitalization of $2.36 billion, a P/E ratio of 26.43 and a beta of 1.18. The firm has a 50-day moving average price of $44.68 and a two-hundred day moving average price of $44.45. 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 (NYSE:EPAC) last released its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, research analysts expect 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.