Integrity Alliance LLC. Acquires New Holdings in Enerpac Tool Group Corp. $EPAC

Key Points

• Integrity Alliance LLC. acquired 31,519 Enerpac Tool Group shares in the third quarter, worth about $1.1 million and representing roughly 0.06% of the company.
• Enerpac reported quarterly EPS of $0.53, slightly above the $0.52 consensus, while revenue of $185.73 million exceeded estimates and rose 10.9% year over year.
• Analysts hold a consensus rating of Hold, with a consensus price target of $50; institutional investors own 97.70% of the stock.

Integrity Alliance LLC. bought a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,519 shares of the company's stock, valued at approximately $1,100,000. Integrity Alliance LLC. owned approximately 0.06% of Enerpac Tool Group as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cooke & Bieler LP lifted its stake in Enerpac Tool Group by 1.6% during the 3rd quarter. Cooke & Bieler LP now owns 1,305,296 shares of the company's stock valued at $45,542,000 after acquiring an additional 20,752 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Enerpac Tool Group by 2.5% in the 1st quarter. Jennison Associates LLC now owns 679,974 shares of the company's stock worth $24,799,000 after acquiring an additional 16,905 shares in the last quarter. Southernsun Asset Management LLC raised its holdings in shares of Enerpac Tool Group by 10.7% in the first quarter. Southernsun Asset Management LLC now owns 664,874 shares of the company's stock valued at $24,248,000 after purchasing an additional 64,192 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Enerpac Tool Group by 1.9% in the first quarter. Principal Financial Group Inc. now owns 258,133 shares of the company's stock valued at $9,414,000 after purchasing an additional 4,761 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Enerpac Tool Group by 21.2% during the first quarter. Gamco Investors INC. ET AL now owns 188,150 shares of the company's stock valued at $6,862,000 after purchasing an additional 32,850 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EPAC. Zacks Research raised shares of Enerpac Tool Group from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 8th. Weiss Ratings raised shares of Enerpac Tool Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, October 13th. Finally, Roth Capital reissued a "buy" rating and set a $50.00 target price on shares of Enerpac Tool Group in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $50.00.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $39.20 on Friday. The stock has a fifty day simple moving average of $36.35 and a two-hundred day simple moving average of $36.67. Enerpac Tool Group Corp. has a 1-year low of $32.35 and a 1-year high of $43.97. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 22.79 and a beta of 0.81. The company has a current ratio of 2.73, a quick ratio of 2.26 and a debt-to-equity ratio of 0.38.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Enerpac Tool Group had a return on equity of 22.74% and a net margin of 13.74%. The firm had revenue of $185.73 million for the quarter, compared to analyst estimates of $172.68 million. During the same period in the previous year, the company posted $0.52 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. Analysts anticipate that Enerpac Tool Group Corp. will post 2.05 earnings per share for the current year.

Insider Transactions at Enerpac Tool Group

In other Enerpac Tool Group news, EVP Benjamin James Topercer sold 4,800 shares of the company's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $41.30, for a total transaction of $198,240.00. Following the sale, the executive vice president directly owned 58,507 shares of the company's stock, valued at $2,416,339.10. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.50% of the company's stock.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. is an industrial tools and services company that provides engineered solutions for lifting, moving, positioning, maintenance and assembly applications. Its products are used in industries such as energy, infrastructure, construction, manufacturing, mining and heavy equipment.

The company offers high-pressure hydraulic tools and systems, including hydraulic pumps, cylinders, jacks, tensioners, torque tools and specialized lifting and positioning equipment. It also provides bolting, machining, flange-management and other field services designed to support the installation, maintenance and repair of large-scale industrial assets.

Enerpac Tool Group markets products under brands that include Enerpac, Hydratight, Equalizer, Mirage, Simplex and Larzep.

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