Enerpac Tool Group Corp. $EPAC Shares Bought by CenterBook Partners LP

CenterBook Partners LP raised its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 56.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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’s holdings in Enerpac Tool Group were worth $5,691,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Capital International Investors lifted its stake in Enerpac Tool Group by 9.8% during the third quarter. Capital International Investors now owns 4,530,064 shares of the company’s stock valued at $185,733,000 after buying an additional 403,834 shares in the last quarter. Champlain Investment Partners LLC lifted its stake in Enerpac Tool Group by 24.0% during the third quarter. Champlain Investment Partners LLC now owns 1,919,171 shares of the company’s stock valued at $78,686,000 after buying an additional 371,098 shares in the last quarter. Cooke & Bieler LP lifted its stake in 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in 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 in the last quarter. Finally, M&T Bank Corp lifted its stake in Enerpac Tool Group by 2,163.1% during the fourth quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock valued at $42,992,000 after buying an additional 1,074,588 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Trading Down 0.0%

NYSE:EPAC opened at $33.44 on Monday. The stock’s 50 day moving average price is $34.91 and its 200 day moving average price is $37.83. Enerpac Tool Group Corp. has a 52 week low of $32.35 and a 52 week high of $45.54. The company has a market capitalization of $1.72 billion, a P/E ratio of 20.90 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.88 and a current ratio of 2.56.

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

Wall Street Analyst Weigh In

A number of research firms have commented on EPAC. Weiss Ratings lowered shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Wall Street Zen upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.00.

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.