Louisiana State Employees Retirement System Buys New Position in Enerpac Tool Group Corp. $EPAC

Louisiana State Employees Retirement System purchased a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,400 shares of the company’s stock, valued at approximately $853,000.

Several other large investors have also added to or reduced their stakes in EPAC. Capital International Investors raised its holdings in Enerpac Tool Group by 9.8% in the 3rd quarter. Capital International Investors now owns 4,530,064 shares of the company’s stock worth $185,733,000 after purchasing an additional 403,834 shares in the last quarter. Cooke & Bieler LP increased its position in shares of Enerpac Tool Group by 2.1% during the fourth quarter. Cooke & Bieler LP now owns 1,577,871 shares of the company’s stock valued at $60,338,000 after buying an additional 31,868 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Enerpac Tool Group by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,383,056 shares of the company’s stock valued at $56,703,000 after buying an additional 4,480 shares during the period. M&T Bank Corp raised its stake in Enerpac Tool Group by 2,163.1% in the fourth quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock worth $42,992,000 after buying an additional 1,074,588 shares in the last quarter. Finally, Brown Advisory Inc. lifted its holdings in Enerpac Tool Group by 92.7% in the fourth quarter. Brown Advisory Inc. now owns 864,054 shares of the company’s stock worth $33,041,000 after buying an additional 415,723 shares during the period. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Down 0.3%

Shares of NYSE EPAC opened at $34.77 on Monday. Enerpac Tool Group Corp. has a 1 year low of $32.35 and a 1 year high of $45.00. 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 firm has a 50-day moving average of $34.86 and a 200 day moving average of $37.49. The stock has a market cap of $1.79 billion, a P/E ratio of 21.73 and a beta of 0.85.

Wall Street Analyst Weigh In

Several research firms have weighed in on EPAC. Wall Street Zen raised Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings cut Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Enerpac Tool Group presently has an average rating of “Hold” and an average target price of $51.00.

Enerpac Tool Group Company 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.