Hillsdale Investment Management Inc. Raises Stake in Enerpac Tool Group Corp. $EPAC

Hillsdale Investment Management Inc. grew its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 12.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 183,900 shares of the company’s stock after acquiring an additional 20,400 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Enerpac Tool Group were worth $7,540,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EPAC. Fifth Third Bancorp boosted 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 in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Enerpac Tool Group during the second quarter valued at about $42,000. Simplex Trading LLC purchased a new position in shares of Enerpac Tool Group in the second quarter worth about $75,000. State of Wyoming lifted its stake in shares of 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 acquiring an additional 1,315 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new position in Enerpac Tool Group during the 3rd quarter worth approximately $129,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Up 0.2%

Shares of NYSE EPAC opened at $42.40 on Friday. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 12 month low of $35.01 and a 12 month high of $47.27. The firm has a market capitalization of $2.24 billion, a PE ratio of 25.39 and a beta of 0.99. The firm has a fifty day simple moving average of $40.58 and a two-hundred day simple moving average of $40.60.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly 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). Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The company had revenue of $144.21 million for the quarter, compared to analysts’ expectations of $146.45 million. During the same quarter in the prior year, the firm earned $0.40 EPS. Equities analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on EPAC shares. William Blair initiated coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They issued a “market perform” rating on the stock. Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.