Jennison Associates LLC Has $84.32 Million Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Jennison Associates LLC lessened its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,052,095 shares of the company’s stock after selling 99,979 shares during the period. Jennison Associates LLC’s holdings in Enerpac Tool Group were worth $84,321,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Precision Wealth Strategies LLC bought a new position in Enerpac Tool Group during the fourth quarter worth about $510,000. Heck Capital Advisors LLC bought a new position in Enerpac Tool Group during the 4th quarter worth $99,000. Swedbank AB acquired a new position in Enerpac Tool Group in the fourth quarter valued at about $2,054,000. KBC Group NV lifted its holdings in shares of Enerpac Tool Group by 91.7% during the 4th quarter. KBC Group NV now owns 2,561 shares of the company’s stock worth $105,000 after acquiring an additional 1,225 shares during the period. Finally, Andina Capital Management LLC lifted its stake in Enerpac Tool Group by 31.4% during the fourth quarter. Andina Capital Management LLC now owns 22,508 shares of the company’s stock worth $925,000 after purchasing an additional 5,379 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Enerpac Tool Group stock opened at $45.27 on Tuesday. The stock has a market cap of $2.46 billion, a PE ratio of 27.60 and a beta of 1.18. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $44.70 and its two-hundred day moving average price is $43.29. Enerpac Tool Group Corp. has a 12-month low of $30.43 and a 12-month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, analysts expect 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.