Enerpac Tool Group Corp. $EPAC Shares Purchased by Bamco Inc. NY

Bamco Inc. NY raised its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 6.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 446,217 shares of the company’s stock after acquiring an additional 25,494 shares during the quarter. Bamco Inc. NY owned approximately 0.84% of Enerpac Tool Group worth $18,295,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Fifth Third Bancorp increased its position in Enerpac Tool Group by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 479 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Enerpac Tool Group during the 2nd quarter worth about $42,000. Simplex Trading LLC acquired a new stake in shares of Enerpac Tool Group during the 2nd quarter worth about $75,000. State of Wyoming grew its holdings in shares of Enerpac Tool Group by 95.4% during the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock worth $109,000 after buying an additional 1,315 shares in the last quarter. Finally, AdvisorNet Financial Inc acquired a new position in shares of Enerpac Tool Group in the third quarter valued at approximately $129,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EPAC has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. William Blair started coverage on Enerpac Tool Group in a research note on Friday, January 16th. They set a “market perform” rating on the stock. Finally, Wall Street Zen cut Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $51.00.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $35.85 on Monday. The company has a market cap of $1.89 billion, a P/E ratio of 21.47 and a beta of 0.96. The firm’s 50 day moving average is $40.56 and its two-hundred day moving average is $40.28. Enerpac Tool Group Corp. has a fifty-two week low of $34.90 and a fifty-two week high of $47.27. The company has a quick ratio of 2.14, a current ratio of 2.83 and a debt-to-equity ratio of 0.42.

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

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.