CenterBook Partners LP Buys 31,182 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

CenterBook Partners LP boosted its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 304.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 41,432 shares of the company's stock after acquiring an additional 31,182 shares during the quarter. CenterBook Partners LP owned 0.08% of Enerpac Tool Group worth $1,702,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EPAC. Assetmark Inc. purchased a new position in shares of Enerpac Tool Group during the 4th quarter valued at about $29,000. Quarry LP lifted its holdings in shares of Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company's stock worth $35,000 after acquiring an additional 436 shares during the last quarter. First Horizon Advisors Inc. purchased a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $36,000. Venturi Wealth Management LLC bought a new position in shares of Enerpac Tool Group during the 4th quarter valued at $51,000. Finally, Heck Capital Advisors LLC purchased a new position in Enerpac Tool Group in the 4th quarter worth $99,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Trading Down 1.3 %

NYSE:EPAC traded down $0.51 during midday trading on Wednesday, reaching $39.17. 50,991 shares of the stock traded hands, compared to its average volume of 352,673. The stock has a market capitalization of $2.12 billion, a P/E ratio of 23.88 and a beta of 1.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The company has a fifty day moving average of $43.92 and a 200 day moving average of $44.63. Enerpac Tool Group Corp. has a 12 month low of $34.59 and a 12 month high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. On average, research analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Analysts Set New Price Targets

Separately, CJS Securities began coverage on Enerpac Tool Group in a research note on Friday, March 14th. They issued an "outperform" rating and a $53.00 price target on the stock.

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.