Cooke & Bieler LP Boosts Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Cooke & Bieler LP boosted its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 4.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,477,913 shares of the company’s stock after buying an additional 64,685 shares during the period. Cooke & Bieler LP owned approximately 2.73% of Enerpac Tool Group worth $45,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Enerpac Tool Group in the fourth quarter valued at $21,079,000. Segall Bryant & Hamill LLC acquired a new position in shares of Enerpac Tool Group during the 1st quarter worth $14,359,000. Jennison Associates LLC raised its stake in shares of Enerpac Tool Group by 25.5% during the 3rd quarter. Jennison Associates LLC now owns 2,661,861 shares of the company’s stock worth $70,353,000 after buying an additional 540,747 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Enerpac Tool Group by 1,133.8% during the 3rd quarter. Citadel Advisors LLC now owns 440,889 shares of the company’s stock worth $7,861,000 after buying an additional 405,156 shares during the last quarter. Finally, Millennium Management LLC raised its stake in shares of Enerpac Tool Group by 187.0% during the 4th quarter. Millennium Management LLC now owns 475,588 shares of the company’s stock worth $12,104,000 after buying an additional 309,863 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

EPAC stock traded up $0.27 during trading on Friday, hitting $35.02. The stock had a trading volume of 411,195 shares, compared to its average volume of 283,364. The company’s 50 day moving average price is $34.11 and its two-hundred day moving average price is $30.90. Enerpac Tool Group Corp. has a 1-year low of $22.94 and a 1-year high of $35.92. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 27.58 and a beta of 1.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.41 and a current ratio of 3.11.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $138.44 million during the quarter, compared to analysts’ expectations of $141.10 million. Enerpac Tool Group had a return on equity of 26.38% and a net margin of 11.75%. During the same quarter in the previous year, the business earned $0.35 EPS. On average, sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal year.

About Enerpac Tool Group

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.