CenterBook Partners LP Purchases 53,975 Shares of Enerpac Tool Group Corp. $EPAC

CenterBook Partners LP boosted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 130.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 95,390 shares of the company’s stock after acquiring an additional 53,975 shares during the quarter. CenterBook Partners LP owned 0.18% of Enerpac Tool Group worth $3,911,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its position in shares of Enerpac Tool Group by 121.3% during the 3rd 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 last quarter. Elevation Point Wealth Partners LLC bought a new stake in Enerpac Tool Group during the second quarter valued at approximately $42,000. Simplex Trading LLC purchased a new stake in Enerpac Tool Group during the second quarter valued at approximately $75,000. State of Wyoming raised its position in Enerpac Tool Group by 95.4% in the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock worth $109,000 after acquiring an additional 1,315 shares during the period. Finally, AdvisorNet Financial Inc purchased a new position in shares of Enerpac Tool Group during the 3rd quarter worth $129,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

NYSE:EPAC opened at $42.19 on Thursday. The business’s 50-day simple moving average is $40.50 and its two-hundred day simple moving average is $40.56. Enerpac Tool Group Corp. has a 52 week low of $35.01 and a 52 week high of $47.47. The stock has a market cap of $2.23 billion, a PE ratio of 25.26 and a beta of 0.99. The company has a quick ratio of 2.14, a current ratio of 2.83 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Wednesday, December 17th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $144.21 million for the quarter, compared to analysts’ expectations of $146.45 million. Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.During the same quarter in the prior year, the business posted $0.40 EPS. As a group, analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on EPAC shares. Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. William Blair assumed coverage on Enerpac Tool Group in a report on Friday, January 16th. They set a “market perform” rating for the company. Finally, Wall Street Zen downgraded Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.00.

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.