Hillsdale Investment Management Inc. Raises Holdings in Enerpac Tool Group Corp. $EPAC

Hillsdale Investment Management Inc. lifted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 12.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 183,900 shares of the company’s stock after acquiring an additional 20,400 shares during the quarter. Hillsdale Investment Management Inc. owned approximately 0.35% of Enerpac Tool Group worth $7,540,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its holdings in 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 valued at $2,035,000 after purchasing an additional 369 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of Enerpac Tool Group by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after buying an additional 479 shares in the last quarter. Rhumbline Advisers boosted its holdings in Enerpac Tool Group by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 152,941 shares of the company’s stock worth $6,203,000 after buying an additional 487 shares during the period. State of Tennessee Department of Treasury grew its stake in Enerpac Tool Group by 2.4% in the 2nd quarter. State of Tennessee Department of Treasury now owns 25,022 shares of the company’s stock valued at $1,015,000 after buying an additional 578 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Enerpac Tool Group by 0.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 155,300 shares of the company’s stock valued at $6,299,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

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

Enerpac Tool Group Stock Up 0.2%

EPAC stock opened at $42.40 on Friday. The company’s 50 day moving average is $40.58 and its 200 day moving average is $40.60. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 25.39 and a beta of 0.99. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 1-year low of $35.01 and a 1-year high of $47.27.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly 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 return on equity of 22.46% and a net margin of 14.64%.The company had revenue of $144.21 million during the quarter, compared to the consensus estimate of $146.45 million. During the same period in the previous year, the company earned $0.40 EPS. Sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.