Enerpac Tool Group (NYSE:EPAC) Reaches New 1-Year High at $39.23

Enerpac Tool Group Corp. (NYSE:EPACGet Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $39.23 and last traded at $39.19, with a volume of 82077 shares trading hands. The stock had previously closed at $38.77.

Enerpac Tool Group Stock Performance

The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.41 and a current ratio of 3.11. The firm’s 50 day simple moving average is $36.47 and its 200 day simple moving average is $32.91. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 30.96 and a beta of 1.19.

Enerpac Tool Group (NYSE:EPACGet Free Report) last issued its quarterly earnings results on Thursday, March 21st. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $138.44 million during the quarter, compared to analyst estimates of $141.10 million. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. During the same quarter in the previous year, the firm earned $0.35 EPS. Sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

A number of large investors have recently modified their holdings of the business. Kennedy Capital Management LLC grew its holdings in shares of Enerpac Tool Group by 22.6% in the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock valued at $21,194,000 after purchasing an additional 109,463 shares during the period. Kingdon Capital Management L.L.C. purchased a new position in Enerpac Tool Group in the first quarter valued at approximately $5,349,000. CANADA LIFE ASSURANCE Co grew its position in shares of Enerpac Tool Group by 5.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 47,038 shares of the company’s stock worth $1,676,000 after acquiring an additional 2,273 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Enerpac Tool Group by 7.8% during the first quarter. Bessemer Group Inc. now owns 44,358 shares of the company’s stock worth $1,581,000 after acquiring an additional 3,210 shares during the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in shares of Enerpac Tool Group during the first quarter worth $365,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Company Profile

(Get Free Report)

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.

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