Segall Bryant & Hamill LLC Grows Position in Enerpac Tool Group Corp. $EPAC

Segall Bryant & Hamill LLC raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 30.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,112 shares of the company’s stock after purchasing an additional 58,677 shares during the period. Segall Bryant & Hamill LLC owned 0.48% of Enerpac Tool Group worth $10,378,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cooke & Bieler LP raised its holdings in Enerpac Tool Group by 46.2% during the 3rd quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock valued at $63,386,000 after acquiring an additional 488,209 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in shares of Enerpac Tool Group by 627.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company’s stock worth $1,482,000 after acquiring an additional 31,188 shares during the period. Voya Investment Management LLC grew its position in shares of Enerpac Tool Group by 33.1% in 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. Thrivent Financial for Lutherans grew its position in shares of Enerpac Tool Group by 4.7% in 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. Finally, Teacher Retirement System of Texas raised its stake in shares of Enerpac Tool Group by 1,198.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 106,697 shares of the company’s stock valued at $4,375,000 after purchasing an additional 98,482 shares during the period. Institutional investors own 97.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EPAC. Wall Street Zen downgraded Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. Finally, William Blair assumed coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $52.00.

Enerpac Tool Group Stock Up 0.2%

EPAC stock opened at $40.16 on Thursday. The company’s 50 day moving average is $40.92 and its 200 day moving average is $40.59. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 24.05 and a beta of 0.96. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 1-year low of $35.01 and a 1-year high of $47.27.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $144.21 million during the quarter, compared to analysts’ expectations of $146.45 million. Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.During the same period in the prior year, the firm earned $0.40 EPS. Sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal 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.