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

Quest Partners LLC purchased a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 12,156 shares of the company’s stock, valued at approximately $378,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC raised its position in Enerpac Tool Group by 3.1% during the fourth quarter. Jennison Associates LLC now owns 2,744,463 shares of the company’s stock valued at $85,325,000 after purchasing an additional 82,602 shares in the last quarter. Cooke & Bieler LP raised its stake in Enerpac Tool Group by 4.6% in the fourth quarter. Cooke & Bieler LP now owns 1,477,913 shares of the company’s stock worth $45,948,000 after buying an additional 64,685 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Enerpac Tool Group by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 587,691 shares of the company’s stock worth $18,271,000 after acquiring an additional 9,109 shares in the last quarter. Norges Bank purchased a new stake in shares of Enerpac Tool Group in the 4th quarter worth about $15,077,000. Finally, Invesco Ltd. lifted its position in Enerpac Tool Group by 39.0% during the 3rd quarter. Invesco Ltd. now owns 351,954 shares of the company’s stock valued at $9,302,000 after acquiring an additional 98,763 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 0.8 %

Shares of NYSE EPAC traded up $0.30 during midday trading on Friday, hitting $38.24. The stock had a trading volume of 120,187 shares, compared to its average volume of 234,926. The company has a market cap of $2.07 billion, a P/E ratio of 30.10 and a beta of 1.19. Enerpac Tool Group Corp. has a 52 week low of $24.58 and a 52 week high of $38.92. The company has a quick ratio of 2.41, a current ratio of 3.11 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $36.12 and its 200-day moving average is $32.53.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Thursday, March 21st. The company reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. The business had revenue of $138.44 million during the quarter, compared to analyst estimates of $141.10 million. During the same period in the previous year, the business earned $0.35 EPS. As a group, analysts predict that Enerpac Tool Group Corp. will post 1.75 EPS for the current 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.