Enerpac Tool Group Corp. (NYSE:EPAC) Position Lifted by Jennison Associates LLC

Jennison Associates LLC raised its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 3.1% during the fourth quarter, HoldingsChannel reports. The fund owned 2,744,463 shares of the company’s stock after acquiring an additional 82,602 shares during the quarter. Jennison Associates LLC owned about 0.05% of Enerpac Tool Group worth $85,325,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quantbot Technologies LP acquired a new stake in shares of Enerpac Tool Group during the third quarter worth $87,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Enerpac Tool Group by 72.5% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 6,900 shares of the company’s stock worth $182,000 after purchasing an additional 2,900 shares during the period. Olympiad Research LP acquired a new stake in shares of Enerpac Tool Group during the third quarter worth $272,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Enerpac Tool Group by 27.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,588 shares of the company’s stock worth $280,000 after purchasing an additional 2,257 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Enerpac Tool Group by 23.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,079 shares of the company’s stock worth $407,000 after purchasing an additional 2,491 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Up 0.7 %

Shares of NYSE:EPAC opened at $35.25 on Tuesday. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 27.76 and a beta of 1.21. Enerpac Tool Group Corp. has a 1-year low of $22.94 and a 1-year high of $35.92. The company’s fifty day moving average is $34.19 and its two-hundred day moving average is $31.01. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.41 and a current ratio of 3.11.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Thursday, March 21st. The company reported $0.36 earnings per share for the quarter, hitting 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 business had revenue of $138.44 million for the quarter, compared to analysts’ expectations of $141.10 million. During the same quarter last year, the company earned $0.35 EPS. Equities analysts anticipate that Enerpac Tool Group Corp. will post 1.75 EPS for the current year.

Enerpac Tool Group Company 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.