Jennison Associates LLC Lowers Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Jennison Associates LLC lowered its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,052,095 shares of the company's stock after selling 99,979 shares during the quarter. Jennison Associates LLC owned approximately 3.77% of Enerpac Tool Group worth $84,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Intech Investment Management LLC acquired a new position in Enerpac Tool Group in the 3rd quarter valued at $442,000. Quest Partners LLC acquired a new stake in shares of Enerpac Tool Group in the third quarter valued at about $1,312,000. Geode Capital Management LLC lifted its stake in shares of Enerpac Tool Group by 1.7% in the third quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company's stock worth $51,797,000 after buying an additional 21,056 shares in the last quarter. State Street Corp boosted its position in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company's stock worth $100,263,000 after acquiring an additional 336,323 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Enerpac Tool Group by 2.9% during the third quarter. Principal Financial Group Inc. now owns 277,494 shares of the company's stock worth $11,624,000 after acquiring an additional 7,845 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Price Performance

EPAC stock traded down $0.30 during mid-day trading on Friday, reaching $45.43. The company's stock had a trading volume of 227,787 shares, compared to its average volume of 304,595. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. The company's 50 day moving average is $44.47 and its two-hundred day moving average is $43.40. Enerpac Tool Group Corp. has a fifty-two week low of $30.43 and a fifty-two week high of $51.91. The stock has a market cap of $2.47 billion, a PE ratio of 27.70 and a beta of 1.17.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. Equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.