GSA Capital Partners LLP Acquires Shares of 21,343 Enerpac Tool Group Corp. $EPAC

GSA Capital Partners LLP bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,343 shares of the company’s stock, valued at approximately $875,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAC. Fifth Third Bancorp grew 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 during the period. Elevation Point Wealth Partners LLC purchased a new stake in shares of Enerpac Tool Group in the second quarter worth about $42,000. Simplex Trading LLC purchased a new stake in shares of Enerpac Tool Group in the second quarter worth about $75,000. State of Wyoming grew its holdings in 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 acquiring an additional 1,315 shares during the period. Finally, AdvisorNet Financial Inc purchased a new position in Enerpac Tool Group during the third quarter valued at approximately $129,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EPAC. William Blair initiated coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They set a “market perform” rating on the stock. Wall Street Zen cut shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Enerpac Tool Group currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Enerpac Tool Group Price Performance

Enerpac Tool Group stock opened at $42.40 on Friday. The company has a 50-day moving average price of $40.58 and a 200 day moving average price of $40.60. Enerpac Tool Group Corp. has a 12-month low of $35.01 and a 12-month high of $47.27. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.24 billion, a P/E ratio of 25.39 and a beta of 0.99.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Wednesday, December 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The business had revenue of $144.21 million during the quarter, compared to analysts’ expectations of $146.45 million. During the same quarter in the prior year, the firm earned $0.40 EPS. Sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share 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.