Cooke & Bieler LP Acquires 31,868 Shares of Enerpac Tool Group Corp. $EPAC

Cooke & Bieler LP increased its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 2.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,577,871 shares of the company’s stock after purchasing an additional 31,868 shares during the period. Cooke & Bieler LP’s holdings in Enerpac Tool Group were worth $60,338,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of EPAC. M&T Bank Corp boosted its position 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 purchasing an additional 1,074,588 shares during the last quarter. Bessemer Group Inc. boosted its position in Enerpac Tool Group by 1,570.4% in the fourth quarter. Bessemer Group Inc. now owns 605,202 shares of the company’s stock worth $23,142,000 after purchasing an additional 568,972 shares during the last quarter. Capital International Investors boosted its position in Enerpac Tool Group by 9.8% in the third 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 during the last quarter. Champlain Investment Partners LLC boosted its position in Enerpac Tool Group by 24.0% in the third quarter. Champlain Investment Partners LLC now owns 1,919,171 shares of the company’s stock worth $78,686,000 after purchasing an additional 371,098 shares during the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Enerpac Tool Group by 76.5% in the second quarter. Qube Research & Technologies Ltd now owns 353,771 shares of the company’s stock worth $14,349,000 after purchasing an additional 153,377 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Enerpac Tool Group Stock Down 0.0%

EPAC stock opened at $34.51 on Tuesday. Enerpac Tool Group Corp. has a twelve month low of $32.71 and a twelve month high of $45.54. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.78 billion, a P/E ratio of 21.57 and a beta of 0.89. The business’s 50-day moving average price is $35.43 and its 200-day moving average price is $38.22.

Enerpac Tool Group (NYSE:EPAC) last posted 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 return on equity of 22.25% and a net margin of 13.69%.The firm had revenue of $154.81 million for the quarter, compared to analysts’ expectations of $147.80 million. The firm’s revenue was up 6.4% on a year-over-year basis. On average, equities research analysts forecast 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.