Jennison Associates LLC Increases Stock Holdings in Enerpac Tool Group Corp. $EPAC

Jennison Associates LLC boosted its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 679,974 shares of the company’s stock after acquiring an additional 16,905 shares during the quarter. Jennison Associates LLC owned 1.32% of Enerpac Tool Group worth $24,799,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in EPAC. Danske Bank A S acquired a new stake in shares of Enerpac Tool Group in the third quarter valued at about $45,000. Kemnay Advisory Services Inc. acquired a new position in shares of Enerpac Tool Group during the 4th quarter worth about $47,000. Advisory Services Network LLC acquired a new position in shares of Enerpac Tool Group during the 3rd quarter worth about $61,000. Global Retirement Partners LLC purchased a new position in Enerpac Tool Group in the 4th quarter valued at about $78,000. Finally, State of Wyoming lifted its stake 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 in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

EPAC opened at $33.97 on Tuesday. Enerpac Tool Group Corp. has a twelve month low of $32.35 and a twelve month high of $45.00. The firm has a market capitalization of $1.74 billion, a PE ratio of 19.19 and a beta of 0.85. The company has a current ratio of 2.67, a quick ratio of 2.04 and a debt-to-equity ratio of 0.41. The firm’s 50-day moving average price is $34.73 and its 200 day moving average price is $37.15.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Tuesday, July 7th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. Enerpac Tool Group had a net margin of 14.72% and a return on equity of 23.21%. The company had revenue of $167.55 million during the quarter, compared to the consensus estimate of $165.60 million. The company’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Roth Capital reiterated a “buy” rating and set a $50.00 price objective on shares of Enerpac Tool Group in a research note on Thursday, July 9th. Wall Street Zen upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings lowered Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Finally, Zacks Research cut Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Enerpac Tool Group currently has an average rating of “Hold” and an average price target of $50.00.

Enerpac Tool Group Company Profile

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.