Geode Capital Management LLC Purchases 1,077 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Geode Capital Management LLC raised its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,237,336 shares of the company’s stock after acquiring an additional 1,077 shares during the period. Geode Capital Management LLC owned approximately 2.27% of Enerpac Tool Group worth $50,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. acquired a new stake in Enerpac Tool Group in the 4th quarter valued at approximately $29,000. First Horizon Advisors Inc. acquired a new stake in shares of Enerpac Tool Group in the fourth quarter worth $36,000. Venturi Wealth Management LLC bought a new position in Enerpac Tool Group during the fourth quarter worth $51,000. Heck Capital Advisors LLC acquired a new position in Enerpac Tool Group during the 4th quarter valued at $99,000. Finally, KBC Group NV boosted its holdings in Enerpac Tool Group by 91.7% in the 4th quarter. KBC Group NV now owns 2,561 shares of the company’s stock valued at $105,000 after purchasing an additional 1,225 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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 price objective on the stock.

Enerpac Tool Group Price Performance

Shares of EPAC stock opened at $39.95 on Monday. Enerpac Tool Group Corp. has a 12 month low of $34.59 and a 12 month high of $51.91. The company has a market capitalization of $2.16 billion, a P/E ratio of 24.36 and a beta of 1.08. The stock has a 50 day moving average of $44.15 and a two-hundred day moving average of $44.67. 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 announced its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, equities analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.