Enerpac Tool Group Corp. (NYSE:EPAC) Shares Bought by Jennison Associates LLC

Jennison Associates LLC boosted its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,744,463 shares of the company’s stock after buying an additional 82,602 shares during the quarter. Jennison Associates LLC owned 5.07% of Enerpac Tool Group worth $85,325,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Cooke & Bieler LP lifted its holdings in Enerpac Tool Group by 4.6% during the 4th quarter. Cooke & Bieler LP now owns 1,477,913 shares of the company’s stock worth $45,948,000 after buying an additional 64,685 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Enerpac Tool Group by 5.6% during the 4th quarter. Federated Hermes Inc. now owns 75,972 shares of the company’s stock worth $2,362,000 after buying an additional 4,022 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Enerpac Tool Group by 23.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,079 shares of the company’s stock worth $407,000 after buying an additional 2,491 shares in the last quarter. Strs Ohio increased its position in shares of Enerpac Tool Group by 42.9% in the 4th quarter. Strs Ohio now owns 26,000 shares of the company’s stock valued at $808,000 after purchasing an additional 7,800 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Enerpac Tool Group in the 4th quarter valued at approximately $846,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Trading Up 0.7 %

Shares of NYSE:EPAC opened at $35.25 on Tuesday. Enerpac Tool Group Corp. has a 52 week low of $22.94 and a 52 week high of $35.92. The company’s 50 day moving average is $34.19 and its two-hundred day moving average is $31.01. The company has a current ratio of 3.11, a quick ratio of 2.41 and a debt-to-equity ratio of 0.71. The company has a market cap of $1.91 billion, a PE ratio of 27.76 and a beta of 1.21.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. The company had revenue of $138.44 million for the quarter, compared to the consensus estimate of $141.10 million. During the same period in the prior year, the firm posted $0.35 EPS. Equities analysts predict that Enerpac Tool Group Corp. will post 1.75 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.