Brown Advisory Inc. Raises Position in Enerpac Tool Group Corp. $EPAC

Brown Advisory Inc. increased its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 92.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 864,054 shares of the company’s stock after buying an additional 415,723 shares during the period. Brown Advisory Inc. owned 1.64% of Enerpac Tool Group worth $33,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after buying an additional 479 shares in the last quarter. Danske Bank A S bought a new position in Enerpac Tool Group in the third quarter valued at $45,000. Advisory Services Network LLC bought a new position in Enerpac Tool Group in the third quarter valued at $61,000. Global Retirement Partners LLC bought a new position in Enerpac Tool Group in the fourth quarter valued at $78,000. Finally, State of Wyoming increased its stake in Enerpac Tool Group by 95.4% in the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after acquiring an additional 1,315 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 1.1%

NYSE EPAC opened at $35.43 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. The stock has a market capitalization of $1.83 billion, a PE ratio of 22.14 and a beta of 0.86. Enerpac Tool Group Corp. has a 1 year low of $32.35 and a 1 year high of $45.54. The business’s 50-day moving average is $34.84 and its 200 day moving average is $37.72.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The company had revenue of $154.81 million for the quarter, compared to analysts’ expectations of $147.80 million. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The firm’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on EPAC. Weiss Ratings cut 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 Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Enerpac Tool Group presently has a consensus rating of “Hold” and a consensus target price of $51.00.

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.