Alberta Investment Management Corp Boosts Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Alberta Investment Management Corp increased its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 273.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,529 shares of the company’s stock after acquiring an additional 19,429 shares during the period. Alberta Investment Management Corp’s holdings in Enerpac Tool Group were worth $1,090,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPAC. SkyView Investment Advisors LLC raised its stake in shares of Enerpac Tool Group by 1.6% in the third quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company’s stock worth $713,000 after purchasing an additional 276 shares during the last quarter. Quarry LP increased its holdings in Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after buying an additional 436 shares in the last quarter. Glenmede Trust Co. NA raised its position in Enerpac Tool Group by 2.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company’s stock worth $662,000 after buying an additional 447 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Enerpac Tool Group by 0.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company’s stock worth $6,170,000 after buying an additional 671 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Enerpac Tool Group during the 3rd quarter valued at about $42,000. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Stock Performance

Shares of EPAC stock opened at $45.53 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $43.96 and a 200-day moving average price of $43.87. Enerpac Tool Group Corp. has a 52 week low of $32.07 and a 52 week high of $51.91. The firm has a market capitalization of $2.48 billion, a PE ratio of 27.76 and a beta of 1.17.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.