Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 37.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,284,741 shares of the company's stock after selling 767,354 shares during the period. Jennison Associates LLC owned about 2.38% of Enerpac Tool Group worth $57,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Whittier Trust Co. boosted its stake in Enerpac Tool Group by 361.9% during the 1st quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock valued at $75,000 after purchasing an additional 1,303 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Enerpac Tool Group during the 4th quarter valued at $99,000. CIBC Private Wealth Group LLC boosted its stake in shares of Enerpac Tool Group by 16.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock valued at $120,000 after buying an additional 418 shares during the period. State of Wyoming acquired a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $201,000. Finally, Cibc World Markets Corp acquired a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Stock Up 0.7%

Enerpac Tool Group stock traded up $0.26 on Tuesday, hitting $37.28. 378,113 shares of the stock traded hands, compared to its average volume of 341,014. The business's fifty day simple moving average is $41.77 and its 200 day simple moving average is $42.64. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.02 billion, a P/E ratio of 22.87 and a beta of 1.16. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. The company had revenue of $158.66 million during the quarter, compared to the consensus estimate of $159.35 million. During the same period in the previous year, the company posted $0.47 EPS. As a group, sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th.

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.