Enerpac Tool Group Corp. $EPAC Shares Purchased by Jennison Associates LLC

Jennison Associates LLC increased its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 679,974 shares of the company’s stock after acquiring an additional 16,905 shares during the period. Jennison Associates LLC’s holdings in Enerpac Tool Group were worth $24,799,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Danske Bank A S purchased a new stake in Enerpac Tool Group in the third quarter valued at $45,000. Kemnay Advisory Services Inc. purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth $47,000. Advisory Services Network LLC acquired a new stake in shares of Enerpac Tool Group during the 3rd quarter worth about $61,000. Global Retirement Partners LLC acquired a new stake in shares of Enerpac Tool Group during the 4th quarter worth about $78,000. Finally, State of Wyoming raised its holdings in Enerpac Tool Group by 95.4% in the 2nd quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after buying an additional 1,315 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. 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. Roth Capital reissued a “buy” rating and issued a $50.00 price target on shares of Enerpac Tool Group in a research note on Thursday, July 9th. 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 cut shares of Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $50.00.

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $33.97 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.67 and a quick ratio of 2.04. The company has a market cap of $1.74 billion, a P/E ratio of 19.19 and a beta of 0.85. The stock has a 50-day moving average of $34.73 and a two-hundred day moving average of $37.15. Enerpac Tool Group Corp. has a 1-year low of $32.35 and a 1-year high of $45.00.

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