Jennison Associates LLC Has $25.36 Million Stock Position in Enerpac Tool Group Corp. $EPAC

Key Points

• Jennison Associates LLC cut its stake in Enerpac Tool Group by 17.7% in Q4, selling 142,456 shares and now holds 663,069 shares worth $25.36 million (about 1.26% of the company).
• Other institutions including Cooke & Bieler, Capital International and Tudor Investment increased positions, leaving total institutional ownership at about 97.70%.
• Enerpac's latest quarter beat revenue estimates (revenue $154.81 million) and reported EPS $0.39 in line with expectations; the company has a market cap of $1.80 billion and a consensus analyst rating of "Hold" with a $51 target.

Jennison Associates LLC lowered its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 663,069 shares of the company's stock after selling 142,456 shares during the quarter. Jennison Associates LLC owned approximately 1.26% of Enerpac Tool Group worth $25,356,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tudor Investment Corp ET AL raised its holdings in shares of Enerpac Tool Group by 58.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 167,029 shares of the company's stock worth $6,848,000 after buying an additional 61,337 shares in the last quarter. Cooke & Bieler LP raised its holdings in shares of Enerpac Tool Group by 46.2% during the 3rd quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company's stock worth $63,386,000 after buying an additional 488,209 shares in the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Enerpac Tool Group by 627.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company's stock worth $1,482,000 after buying an additional 31,188 shares in the last quarter. Capital International Investors raised its holdings in shares of Enerpac Tool Group by 9.8% during the 3rd quarter. Capital International Investors now owns 4,530,064 shares of the company's stock worth $185,733,000 after buying an additional 403,834 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Enerpac Tool Group by 4.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,136,844 shares of the company's stock worth $46,610,000 after buying an additional 50,645 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $34.91 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. The business has a fifty day simple moving average of $36.91 and a two-hundred day simple moving average of $38.99. Enerpac Tool Group Corp. has a 1 year low of $33.66 and a 1 year high of $46.39. The company has a market capitalization of $1.80 billion, a P/E ratio of 21.82 and a beta of 0.89.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The business had revenue of $154.81 million during the quarter, compared to the consensus estimate of $147.80 million. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect that Enerpac Tool Group Corp. will post 1.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on EPAC. Wall Street Zen raised Enerpac Tool Group from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. William Blair assumed coverage on Enerpac Tool Group in a report on Friday, January 16th. They set a "market perform" rating on the stock. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $51.00.

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.

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