Enerpac Tool Group Corp. $EPAC Shares Bought by Cooke & Bieler LP

Cooke & Bieler LP increased its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,305,296 shares of the company’s stock after acquiring an additional 20,752 shares during the period. Cooke & Bieler LP’s holdings in Enerpac Tool Group were worth $45,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EPAC. Jennison Associates LLC raised its holdings in Enerpac Tool Group by 2.5% during the first quarter. Jennison Associates LLC now owns 679,974 shares of the company’s stock worth $24,799,000 after purchasing an additional 16,905 shares in the last quarter. Southernsun Asset Management LLC lifted its position in Enerpac Tool Group by 10.7% in the first quarter. Southernsun Asset Management LLC now owns 664,874 shares of the company’s stock worth $24,248,000 after purchasing an additional 64,192 shares during the period. Principal Financial Group Inc. lifted its position in Enerpac Tool Group by 1.9% in the first quarter. Principal Financial Group Inc. now owns 258,133 shares of the company’s stock worth $9,414,000 after purchasing an additional 4,761 shares during the period. Gamco Investors INC. ET AL lifted its position in Enerpac Tool Group by 21.2% in the first quarter. Gamco Investors INC. ET AL now owns 188,150 shares of the company’s stock worth $6,862,000 after purchasing an additional 32,850 shares during the period. Finally, Bank of America Corp DE boosted its stake in Enerpac Tool Group by 7.8% during the 1st quarter. Bank of America Corp DE now owns 153,903 shares of the company’s stock valued at $5,613,000 after purchasing an additional 11,134 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock opened at $35.50 on Thursday. Enerpac Tool Group Corp. has a 52 week low of $32.35 and a 52 week high of $43.97. 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 stock has a market cap of $1.82 billion, a PE ratio of 20.06 and a beta of 0.81. The company’s 50-day moving average price is $36.02 and its two-hundred day moving average price is $35.51.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings raised Enerpac Tool Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. Zacks Research raised Enerpac Tool Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 8th. Finally, Roth Capital reissued a “buy” rating and issued a $50.00 price objective on shares of Enerpac Tool Group in a research note on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.00.

Enerpac Tool Group Profile

Enerpac Tool Group Corp. is an industrial tools and services company that provides engineered solutions for lifting, moving, positioning, maintenance and assembly applications. Its products are used in industries such as energy, infrastructure, construction, manufacturing, mining and heavy equipment.

The company offers high-pressure hydraulic tools and systems, including hydraulic pumps, cylinders, jacks, tensioners, torque tools and specialized lifting and positioning equipment. It also provides bolting, machining, flange-management and other field services designed to support the installation, maintenance and repair of large-scale industrial assets.

Enerpac Tool Group markets products under brands that include Enerpac, Hydratight, Equalizer, Mirage, Simplex and Larzep.