Enerpac Tool Group Corp. $EPAC Stock Holdings Lessened by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 56.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 266,481 shares of the company’s stock after selling 338,721 shares during the period. Bessemer Group Inc.’s holdings in Enerpac Tool Group were worth $9,718,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of EPAC. M&T Bank Corp grew its holdings in shares of Enerpac Tool Group by 2,163.1% in the 4th quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock worth $42,992,000 after acquiring an additional 1,074,588 shares during the last quarter. Brown Advisory Inc. lifted its holdings in shares of Enerpac Tool Group by 92.7% during the fourth quarter. Brown Advisory Inc. now owns 864,054 shares of the company’s stock valued at $33,041,000 after purchasing an additional 415,723 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Enerpac Tool Group by 34.4% in the 4th quarter. GW&K Investment Management LLC now owns 785,268 shares of the company’s stock valued at $30,028,000 after purchasing an additional 201,175 shares during the period. Qube Research & Technologies Ltd boosted its position in shares of Enerpac Tool Group by 76.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 353,771 shares of the company’s stock valued at $14,349,000 after purchasing an additional 153,377 shares during the period. Finally, Moran Wealth Management LLC acquired a new stake in Enerpac Tool Group during the 1st quarter worth about $4,665,000. 97.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Roth Capital reaffirmed a “buy” rating and set a $50.00 price objective on shares of Enerpac Tool Group in a research note on Thursday, July 9th. Weiss Ratings downgraded shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Finally, Zacks Research downgraded shares of Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.00.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock opened at $34.63 on Monday. Enerpac Tool Group Corp. has a 12 month low of $32.35 and a 12 month high of $45.00. The company has a quick ratio of 2.04, a current ratio of 2.67 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.77 billion, a PE ratio of 19.57 and a beta of 0.85. The business has a fifty day simple moving average of $34.75 and a 200-day simple moving average of $37.19.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.11. The firm had revenue of $167.55 million for the quarter, compared to analyst estimates of $165.60 million. Enerpac Tool Group had a return on equity of 23.21% and a net margin of 14.72%.The firm’s revenue was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.87 EPS for the current fiscal 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.