Thoroughbred Financial Services LLC Decreases Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Thoroughbred Financial Services LLC cut its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,921 shares of the company’s stock after selling 971 shares during the quarter. Thoroughbred Financial Services LLC’s holdings in Enerpac Tool Group were worth $243,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Bryce Point Capital LLC purchased a new stake in Enerpac Tool Group during the 4th quarter valued at about $546,000. Alliancebernstein L.P. boosted its position in Enerpac Tool Group by 6.4% in the fourth quarter. Alliancebernstein L.P. now owns 65,132 shares of the company’s stock valued at $2,676,000 after buying an additional 3,909 shares during the last quarter. CIBC Private Wealth Group LLC increased its holdings in Enerpac Tool Group by 16.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company’s stock worth $120,000 after buying an additional 418 shares during the period. Pictet Asset Management Holding SA raised its position in Enerpac Tool Group by 26.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,449 shares of the company’s stock worth $347,000 after buying an additional 1,774 shares during the last quarter. Finally, Norges Bank acquired a new stake in Enerpac Tool Group during the 4th quarter valued at approximately $6,533,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Enerpac Tool Group Stock Performance

NYSE EPAC opened at $39.63 on Monday. Enerpac Tool Group Corp. has a fifty-two week low of $34.59 and a fifty-two week high of $51.91. 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 firm has a market capitalization of $2.14 billion, a P/E ratio of 24.17 and a beta of 1.08. The stock has a 50-day simple moving average of $44.89 and a two-hundred day simple moving average of $44.83.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The company had revenue of $145.53 million during the quarter, compared to the consensus estimate of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group Profile

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.