Edgestream Partners L.P. Purchases 84,009 Shares of Enerpac Tool Group Corp. $EPAC

Edgestream Partners L.P. lifted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 110.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 160,285 shares of the company’s stock after purchasing an additional 84,009 shares during the quarter. Edgestream Partners L.P. owned 0.30% of Enerpac Tool Group worth $6,501,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new position in Enerpac Tool Group during the second quarter worth $42,000. Assetmark Inc. increased its position in shares of Enerpac Tool Group by 41.0% during the first quarter. Assetmark Inc. now owns 980 shares of the company’s stock worth $44,000 after acquiring an additional 285 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Enerpac Tool Group by 1,556.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company’s stock worth $54,000 after acquiring an additional 1,136 shares during the last quarter. Simplex Trading LLC bought a new position in Enerpac Tool Group in the 2nd quarter valued at about $75,000. Finally, Quarry LP boosted its stake in Enerpac Tool Group by 1,109.6% during the 1st quarter. Quarry LP now owns 2,141 shares of the company’s stock valued at $96,000 after purchasing an additional 1,964 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling

In other news, CEO Paul Sternlieb sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $44.00, for a total transaction of $118,800.00. Following the completion of the sale, the chief executive officer owned 328,342 shares in the company, valued at $14,447,048. This trade represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Roth Capital set a $51.00 price objective on Enerpac Tool Group and gave the stock a “buy” rating in a research note on Monday, October 20th. Wall Street Zen upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Zacks Research raised shares of Enerpac Tool Group to a “hold” rating in a report on Monday, September 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerpac Tool Group in a report on Wednesday, November 26th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $52.00.

Enerpac Tool Group Stock Up 0.2%

EPAC stock opened at $37.32 on Wednesday. The stock has a market cap of $1.98 billion, a P/E ratio of 21.82 and a beta of 1.00. The company has a current ratio of 2.74, a quick ratio of 2.17 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $39.97 and its two-hundred day simple moving average is $40.77. Enerpac Tool Group Corp. has a 1-year low of $36.51 and a 1-year high of $49.42.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, October 15th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $167.51 million during the quarter, compared to analyst estimates of $164.70 million. Enerpac Tool Group had a return on equity of 23.54% and a net margin of 15.03%.During the same period last year, the firm posted $0.50 EPS. Enerpac Tool Group has set its FY 2026 guidance at 1.850-2.000 EPS. Analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.