Jennison Associates LLC Has $84.32 Million Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Jennison Associates LLC decreased its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,052,095 shares of the company’s stock after selling 99,979 shares during the quarter. Jennison Associates LLC owned about 3.77% of Enerpac Tool Group worth $84,321,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. State Street Corp lifted its position in shares of Enerpac Tool Group by 16.3% in the third quarter. State Street Corp now owns 2,393,472 shares of the company’s stock worth $100,263,000 after buying an additional 336,323 shares during the last quarter. Geode Capital Management LLC grew its position in Enerpac Tool Group by 1.7% during 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. Charles Schwab Investment Management Inc. raised its stake in shares of Enerpac Tool Group by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock valued at $26,033,000 after purchasing an additional 6,903 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Enerpac Tool Group by 2.9% during the 3rd 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Enerpac Tool Group by 0.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company’s stock valued at $6,170,000 after buying an additional 671 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 0.2 %

EPAC opened at $45.27 on Tuesday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 27.60 and a beta of 1.18. The firm’s 50-day simple moving average is $44.70 and its 200-day simple moving average is $43.29. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. Enerpac Tool Group Corp. has a twelve month low of $30.43 and a twelve month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. Equities research analysts anticipate that Enerpac Tool Group Corp. will post 1.78 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.