Tudor Investment Corp ET AL Acquires 61,337 Shares of Enerpac Tool Group Corp. $EPAC

Key Points

• Tudor Investment Corp ET AL raised its stake in Enerpac by 58% in Q3, adding 61,337 shares to hold 167,029 shares (~0.32% of the company) valued at about $6.85M, while overall institutional ownership stands around 97.7% as several large managers also increased positions.
• Enerpac's recent quarter showed EPS of $0.39 (in line with estimates) and revenue of $154.8M (above the $147.8M estimate), with a 13.7% net margin, 22.3% return on equity and 6.4% revenue growth year-over-year.
• Analysts hold a consensus Hold rating (one Buy, three Holds) with a $51 price target; the stock trades near $35 with a $1.81B market cap and a P/E of 21.95.

Tudor Investment Corp ET AL raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 58.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 167,029 shares of the company's stock after buying an additional 61,337 shares during the period. Tudor Investment Corp ET AL owned about 0.32% of Enerpac Tool Group worth $6,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Cooke & Bieler LP lifted its position in shares of Enerpac Tool Group by 46.2% during the third quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company's stock valued at $63,386,000 after purchasing an additional 488,209 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Enerpac Tool Group by 627.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company's stock valued at $1,482,000 after purchasing an additional 31,188 shares in the last quarter. Capital International Investors lifted its position in shares of Enerpac Tool Group by 9.8% during the third quarter. Capital International Investors now owns 4,530,064 shares of the company's stock valued at $185,733,000 after purchasing an additional 403,834 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Enerpac Tool Group by 33.1% during the third quarter. Voya Investment Management LLC now owns 151,673 shares of the company's stock valued at $6,219,000 after purchasing an additional 37,686 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Enerpac Tool Group by 4.7% during the third quarter. Thrivent Financial for Lutherans now owns 1,136,844 shares of the company's stock valued at $46,610,000 after purchasing an additional 50,645 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EPAC. Wall Street Zen raised shares of Enerpac Tool Group from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. William Blair began coverage on shares of Enerpac Tool Group in a research report on Friday, January 16th. They set a "market perform" rating on the stock. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $51.00.

Enerpac Tool Group Stock Performance

Shares of EPAC stock opened at $35.12 on Wednesday. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 21.95 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.88 and a current ratio of 2.56. Enerpac Tool Group Corp. has a 52 week low of $33.66 and a 52 week high of $46.39. The firm's 50-day simple moving average is $39.02 and its two-hundred day simple moving average is $39.52.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $154.81 million during the quarter, compared to the consensus estimate of $147.80 million. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The company's revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current 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.

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