Enerpac Tool Group Corp. $EPAC Stock Position Decreased by Jennison Associates LLC

Jennison Associates LLC lowered its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,170,797 shares of the company’s stock after selling 113,944 shares during the period. Jennison Associates LLC owned about 2.16% of Enerpac Tool Group worth $47,488,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in EPAC. Assetmark Inc. lifted its holdings in shares of Enerpac Tool Group by 41.0% in the 1st quarter. Assetmark Inc. now owns 980 shares of the company’s stock worth $44,000 after purchasing an additional 285 shares during the last quarter. MainStreet Investment Advisors LLC increased its position in Enerpac Tool Group by 5.5% in the first quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company’s stock worth $305,000 after buying an additional 355 shares during the period. Moody National Bank Trust Division lifted its stake in Enerpac Tool Group by 3.8% in the second quarter. Moody National Bank Trust Division now owns 11,379 shares of the company’s stock valued at $462,000 after buying an additional 412 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Enerpac Tool Group by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company’s stock valued at $307,000 after buying an additional 440 shares during the last quarter. Finally, Wallace Advisory Group LLC boosted its holdings in shares of Enerpac Tool Group by 8.0% during the second quarter. Wallace Advisory Group LLC now owns 6,663 shares of the company’s stock valued at $299,000 after acquiring an additional 491 shares during the period. 97.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

EPAC has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Enerpac Tool Group in a report on Wednesday, October 8th. Roth Capital set a $51.00 target price on shares of Enerpac Tool Group and gave the stock a “buy” rating in a research report on Monday, October 20th. Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Zacks Research raised Enerpac Tool Group to a “hold” rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $52.00.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total value of $173,141.76. Following the completion of the sale, the director directly owned 94,136 shares in the company, valued at $3,858,634.64. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Paul Sternlieb sold 2,700 shares of the stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $44.00, for a total value of $118,800.00. Following the transaction, the chief executive officer directly owned 328,342 shares of the company’s stock, valued at approximately $14,447,048. The trade was a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.10% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $41.08 on Friday. The firm has a market capitalization of $2.18 billion, a PE ratio of 24.03 and a beta of 1.12. The company has a quick ratio of 2.17, a current ratio of 2.74 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $41.57 and a 200 day moving average price of $41.17. Enerpac Tool Group Corp. has a 52-week low of $36.51 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Wednesday, October 15th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $167.52 million for the quarter, compared to the consensus estimate of $164.70 million. Enerpac Tool Group had a net margin of 15.03% and a return on equity of 23.54%. During the same period in the previous year, the firm earned $0.50 EPS. Enerpac Tool Group has set its FY 2026 guidance at 1.850-2.000 EPS. On average, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.