CenterBook Partners LP Increases Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

CenterBook Partners LP boosted its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 304.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,432 shares of the company’s stock after purchasing an additional 31,182 shares during the period. CenterBook Partners LP’s holdings in Enerpac Tool Group were worth $1,702,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of EPAC. Amundi lifted its holdings in shares of Enerpac Tool Group by 184.7% in the 4th quarter. Amundi now owns 27,217 shares of the company’s stock valued at $1,121,000 after buying an additional 17,658 shares during the period. Atria Investments Inc acquired a new position in Enerpac Tool Group in the fourth quarter valued at approximately $261,000. Wealthspire Advisors LLC acquired a new position in Enerpac Tool Group in the fourth quarter valued at approximately $238,000. US Bancorp DE boosted its position in Enerpac Tool Group by 117.5% in the 4th quarter. US Bancorp DE now owns 17,236 shares of the company’s stock worth $708,000 after purchasing an additional 9,311 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Enerpac Tool Group during the 4th quarter worth approximately $991,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Ratings Changes

Separately, CJS Securities initiated coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They set an “outperform” rating and a $53.00 price target on the stock.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock opened at $39.46 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 24.06 and a beta of 1.08. The business has a 50-day moving average price of $44.25 and a 200 day moving average price of $44.67. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a twelve month low of $34.59 and a twelve month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The business had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. Sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Profile

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.