Kennedy Capital Management LLC Sells 72,501 Shares of Enerpac Tool Group Corp. $EPAC

Kennedy Capital Management LLC decreased its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 223,928 shares of the company’s stock after selling 72,501 shares during the period. Kennedy Capital Management LLC owned 0.42% of Enerpac Tool Group worth $8,563,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in EPAC. AQR Capital Management LLC boosted its holdings in Enerpac Tool Group by 29.5% in the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company’s stock valued at $1,221,000 after acquiring an additional 6,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Enerpac Tool Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company’s stock valued at $1,452,000 after acquiring an additional 1,425 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Enerpac Tool Group by 24.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company’s stock valued at $9,743,000 after buying an additional 42,835 shares during the period. Jane Street Group LLC boosted its holdings in Enerpac Tool Group by 32.8% during the first quarter. Jane Street Group LLC now owns 131,506 shares of the company’s stock worth $5,899,000 after buying an additional 32,491 shares during the last quarter. Finally, Norges Bank bought a new position in Enerpac Tool Group during the second quarter worth about $1,253,000. Institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

EPAC has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings cut Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.00.

Enerpac Tool Group Stock Up 0.0%

Shares of Enerpac Tool Group stock opened at $35.07 on Monday. The business’s 50 day simple moving average is $34.84 and its 200 day simple moving average is $37.74. Enerpac Tool Group Corp. has a 52-week low of $32.35 and a 52-week high of $45.54. The firm has a market cap of $1.81 billion, a PE ratio of 21.92 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.88 and a current ratio of 2.56.

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

Enerpac Tool Group Profile

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.