GW&K Investment Management LLC Trims Position in Enerpac Tool Group Corp. $EPAC

GW&K Investment Management LLC reduced its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 15.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 584,093 shares of the company’s stock after selling 107,539 shares during the period. GW&K Investment Management LLC’s holdings in Enerpac Tool Group were worth $23,948,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp boosted its holdings in shares of Enerpac Tool Group by 121.3% during the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 479 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Enerpac Tool Group in the 2nd quarter worth about $42,000. Simplex Trading LLC purchased a new stake in Enerpac Tool Group in the 2nd quarter valued at about $75,000. State of Wyoming grew 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. Finally, AdvisorNet Financial Inc acquired a new position in shares of Enerpac Tool Group during the 3rd quarter valued at about $129,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Down 3.6%

Shares of NYSE:EPAC opened at $38.66 on Friday. The stock has a 50-day simple moving average of $40.89 and a 200-day simple moving average of $40.57. The stock has a market capitalization of $2.04 billion, a P/E ratio of 23.15 and a beta of 0.96. Enerpac Tool Group Corp. has a 1 year low of $35.01 and a 1 year high of $47.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.14 and a current ratio of 2.83.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The business had revenue of $144.21 million for the quarter, compared to analyst estimates of $146.45 million. During the same period last year, the firm earned $0.40 earnings per share. Equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EPAC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, William Blair assumed coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They issued a “market perform” rating on the stock. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, 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.