GW&K Investment Management LLC Grows Position in Enerpac Tool Group Corp. $EPAC

GW&K Investment Management LLC increased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 34.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 785,268 shares of the company’s stock after purchasing an additional 201,175 shares during the period. GW&K Investment Management LLC owned approximately 1.49% of Enerpac Tool Group worth $30,028,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. CenterBook Partners LP boosted its stake in shares of Enerpac Tool Group by 56.0% during the 4th quarter. CenterBook Partners LP now owns 148,814 shares of the company’s stock worth $5,691,000 after purchasing an additional 53,424 shares during the period. Telemark Asset Management LLC purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth about $3,824,000. WINTON GROUP Ltd purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth about $3,319,000. State of Wyoming purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth about $390,000. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Enerpac Tool Group by 41.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 275,610 shares of the company’s stock worth $10,539,000 after purchasing an additional 80,488 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EPAC has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $51.00.

Enerpac Tool Group Trading Down 2.6%

Shares of EPAC opened at $34.13 on Thursday. Enerpac Tool Group Corp. has a 1-year low of $32.35 and a 1-year high of $45.54. The company has a 50-day moving average of $34.90 and a 200 day moving average of $37.77. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 21.33 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The company had revenue of $154.81 million during the quarter, compared to analyst estimates of $147.80 million. The business’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts expect that Enerpac Tool Group Corp. will post 1.89 EPS for the current year.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.