Bessemer Group Inc. Acquires 568,972 Shares of Enerpac Tool Group Corp. $EPAC

Bessemer Group Inc. boosted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 1,570.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 605,202 shares of the company’s stock after acquiring an additional 568,972 shares during the quarter. Bessemer Group Inc.’s holdings in Enerpac Tool Group were worth $23,142,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in Enerpac Tool Group by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 50,173 shares of the company’s stock worth $2,035,000 after buying an additional 369 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake in shares of Enerpac Tool Group by 5.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 8,322 shares of the company’s stock valued at $318,000 after purchasing an additional 400 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Enerpac Tool Group by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 21,879 shares of the company’s stock valued at $897,000 after purchasing an additional 456 shares during the period. Fifth Third Bancorp lifted its stake in shares of Enerpac Tool Group by 121.3% in 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 period. Finally, State of Tennessee Department of Treasury lifted its stake in shares of Enerpac Tool Group by 2.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 25,022 shares of the company’s stock valued at $1,015,000 after purchasing an additional 578 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Trading Down 2.9%

EPAC opened at $33.65 on Friday. The stock has a market cap of $1.73 billion, a PE ratio of 21.03 and a beta of 0.89. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $35.79 and a 200-day moving average of $38.55. Enerpac Tool Group Corp. has a 52 week low of $33.64 and a 52 week high of $45.68.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $154.81 million during the quarter, compared to analysts’ expectations of $147.80 million. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The company’s revenue was up 6.4% on a year-over-year basis. Equities research analysts predict that Enerpac Tool Group Corp. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.00.

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.