23,400 Shares in Enerpac Tool Group Corp. $EPAC Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,400 shares of the company’s stock, valued at approximately $853,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Danske Bank A S bought a new position in shares of Enerpac Tool Group in the third quarter worth approximately $45,000. Kemnay Advisory Services Inc. bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth $47,000. Advisory Services Network LLC purchased a new position in shares of Enerpac Tool Group in the third quarter worth $61,000. Global Retirement Partners LLC bought a new position in shares of Enerpac Tool Group during the fourth quarter valued at $78,000. Finally, State of Wyoming boosted its position in shares of 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 buying an additional 1,315 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings cut shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.00.

Enerpac Tool Group Stock Performance

EPAC opened at $34.77 on Monday. The company’s 50 day moving average is $34.86 and its 200 day moving average is $37.49. The company has a current ratio of 2.56, a quick ratio of 1.88 and a debt-to-equity ratio of 0.43. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 21.73 and a beta of 0.85. Enerpac Tool Group Corp. has a 12-month low of $32.35 and a 12-month high of $45.00.

Enerpac Tool Group Company Profile

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.