CenterBook Partners LP Raises Stake in Enerpac Tool Group Corp. $EPAC

CenterBook Partners LP lifted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 56.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 148,814 shares of the company’s stock after buying an additional 53,424 shares during the quarter. CenterBook Partners LP owned approximately 0.28% of Enerpac Tool Group worth $5,691,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp grew its holdings in Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after purchasing an additional 479 shares during the period. Danske Bank A S purchased a new stake in Enerpac Tool Group in the third quarter valued at approximately $45,000. Advisory Services Network LLC purchased a new stake in Enerpac Tool Group in the third quarter valued at approximately $61,000. Global Retirement Partners LLC purchased a new stake in Enerpac Tool Group in the fourth quarter valued at approximately $78,000. Finally, State of Wyoming grew its holdings 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 purchasing an additional 1,315 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on EPAC shares. Weiss Ratings cut 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 raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Enerpac Tool Group currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Enerpac Tool Group Trading Down 0.0%

EPAC opened at $33.44 on Monday. The stock has a market capitalization of $1.72 billion, a PE ratio of 20.90 and a beta of 0.86. The firm’s fifty day moving average price is $34.91 and its 200 day moving average price is $37.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. Enerpac Tool Group Corp. has a 12-month low of $32.35 and a 12-month high of $45.54.

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

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.