100,000 Shares in Enerpac Tool Group Corp. $EPAC Bought by Telemark Asset Management LLC

Telemark Asset Management LLC bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $3,824,000.

Other large investors have also bought and sold shares of the company. WINTON GROUP Ltd bought a new position in shares of Enerpac Tool Group in the 4th quarter worth about $3,319,000. State of Wyoming bought a new position in shares of Enerpac Tool Group in the 4th quarter worth about $390,000. Goldman Sachs Group Inc. raised its position in shares of Enerpac Tool Group by 41.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 275,610 shares of the company’s stock worth $10,539,000 after acquiring an additional 80,488 shares in the last quarter. Cooke & Bieler LP raised its position in shares of Enerpac Tool Group by 2.1% in the 4th quarter. Cooke & Bieler LP now owns 1,577,871 shares of the company’s stock worth $60,338,000 after acquiring an additional 31,868 shares in the last quarter. Finally, Global Retirement Partners LLC bought a new position in shares of Enerpac Tool Group in the 4th quarter worth about $78,000. 97.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

EPAC has been the subject of several research analyst reports. Wall Street Zen raised 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 report on Tuesday, May 19th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Enerpac Tool Group has an average rating of “Hold” and an average target price of $51.00.

Enerpac Tool Group Price Performance

EPAC stock opened at $33.44 on Friday. The company has a market capitalization of $1.72 billion, a P/E ratio of 20.90 and a beta of 0.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.88 and a current ratio of 2.56. Enerpac Tool Group Corp. has a 52-week low of $32.35 and a 52-week high of $45.54. The business has a 50-day simple moving average of $34.91 and a two-hundred day simple moving average of $37.83.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $154.81 million during the quarter, compared to the consensus estimate 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 for the quarter was up 6.4% compared to the same quarter last year. Research analysts expect that Enerpac Tool Group Corp. will post 1.89 EPS for the current fiscal year.

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.