GW&K Investment Management LLC Trims Holdings in Enerpac Tool Group Corp. $EPAC

GW&K Investment Management LLC reduced its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 15.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 584,093 shares of the company’s stock after selling 107,539 shares during the period. GW&K Investment Management LLC owned approximately 1.10% of Enerpac Tool Group worth $23,948,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in EPAC. California State Teachers Retirement System grew its holdings in shares of Enerpac Tool Group by 0.7% during the second quarter. California State Teachers Retirement System now owns 50,173 shares of the company’s stock worth $2,035,000 after buying an additional 369 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Enerpac Tool Group by 2.1% in the 3rd quarter. Victory Capital Management Inc. now owns 21,879 shares of the company’s stock valued at $897,000 after purchasing an additional 456 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after purchasing an additional 479 shares during the period. Rhumbline Advisers raised its stake in shares of Enerpac Tool Group by 0.3% during the second quarter. Rhumbline Advisers now owns 152,941 shares of the company’s stock worth $6,203,000 after purchasing an additional 487 shares during the last quarter. Finally, State of Tennessee Department of Treasury lifted its holdings in shares of Enerpac Tool Group by 2.4% during the second quarter. State of Tennessee Department of Treasury now owns 25,022 shares of the company’s stock worth $1,015,000 after purchasing an additional 578 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. William Blair initiated coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They set a “market perform” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. Finally, Wall Street Zen cut Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Enerpac Tool Group presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $38.66 on Friday. 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 company’s 50-day moving average price is $40.89 and its 200 day moving average price is $40.57. Enerpac Tool Group Corp. has a 52 week low of $35.01 and a 52 week high of $47.27. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 23.15 and a beta of 0.96.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $146.45 million. During the same quarter in the prior year, the company earned $0.40 earnings per share. As a group, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Company Profile

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.