Southernsun Asset Management LLC Buys 64,192 Shares of Enerpac Tool Group Corp. $EPAC

Southernsun Asset Management LLC grew its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 10.7% in the first quarter, Holdings Channel.com reports. The institutional investor owned 664,874 shares of the company’s stock after buying an additional 64,192 shares during the quarter. Enerpac Tool Group makes up approximately 3.5% of Southernsun Asset Management LLC’s portfolio, making the stock its 15th largest holding. Southernsun Asset Management LLC’s holdings in Enerpac Tool Group were worth $24,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. Danske Bank A S acquired a new position in shares of Enerpac Tool Group during the 3rd quarter valued at about $45,000. Kemnay Advisory Services Inc. acquired a new stake in Enerpac Tool Group in the 4th quarter worth approximately $47,000. Advisory Services Network LLC bought a new stake in Enerpac Tool Group during the third quarter worth approximately $61,000. Global Retirement Partners LLC bought a new stake in Enerpac Tool Group during the fourth quarter worth approximately $78,000. Finally, State of Wyoming grew its holdings in Enerpac Tool Group by 95.4% during the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after purchasing an additional 1,315 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on EPAC shares. Weiss Ratings lowered shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 19th. Zacks Research lowered shares of Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Roth Capital reiterated a “buy” rating and issued a $50.00 target price on shares of Enerpac Tool Group in a research note on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $50.00.

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC opened at $33.98 on Wednesday. The business has a 50 day moving average price of $34.72 and a 200 day moving average price of $37.12. Enerpac Tool Group Corp. has a twelve month low of $32.35 and a twelve month high of $45.00. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 19.20 and a beta of 0.85. The company has a quick ratio of 2.04, a current ratio of 2.67 and a debt-to-equity ratio of 0.41.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Tuesday, July 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The firm had revenue of $167.55 million for the quarter, compared to analyst estimates of $165.60 million. Enerpac Tool Group had a return on equity of 23.21% and a net margin of 14.72%.The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Research analysts predict that Enerpac Tool Group Corp. will post 1.87 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.