Tudor Investment Corp ET AL Boosts Stock Holdings in Enerpac Tool Group Corp. $EPAC

Tudor Investment Corp ET AL raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 58.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,029 shares of the company’s stock after purchasing an additional 61,337 shares during the period. Tudor Investment Corp ET AL’s holdings in Enerpac Tool Group were worth $6,848,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of EPAC. Fifth Third Bancorp increased its stake in shares of Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 479 shares in the last quarter. Danske Bank A S purchased a new position in shares of Enerpac Tool Group in the third quarter worth about $45,000. Advisory Services Network LLC purchased a new position in shares of Enerpac Tool Group in the third quarter worth about $61,000. State of Wyoming grew its stake in Enerpac Tool Group by 95.4% during the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after acquiring an additional 1,315 shares in the last quarter. Finally, AdvisorNet Financial Inc purchased a new position in Enerpac Tool Group during the third quarter valued at approximately $129,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. William Blair assumed coverage on shares of Enerpac Tool Group in a research note on Friday, January 16th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.00.

Enerpac Tool Group Trading Down 1.1%

Shares of Enerpac Tool Group stock opened at $35.12 on Wednesday. Enerpac Tool Group Corp. has a 1 year low of $33.66 and a 1 year high of $46.39. The firm has a market cap of $1.81 billion, a PE ratio of 21.95 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. The company has a 50 day simple moving average of $39.02 and a two-hundred day simple moving average of $39.52.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) 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 business had revenue of $154.81 million during the quarter, compared to analyst estimates of $147.80 million. Enerpac Tool Group’s revenue was up 6.4% on a year-over-year basis. Analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal 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.