Enerpac Tool Group (NYSE:EPAC) Sets New 52-Week Low – Here’s What Happened

Enerpac Tool Group Corp. (NYSE:EPAC) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $34.90 and last traded at $35.0790, with a volume of 86115 shares. The stock had previously closed at $35.81.

Wall Street Analyst Weigh In

EPAC has been the subject of several research analyst reports. William Blair initiated coverage on shares of Enerpac Tool Group in a research report on Friday, January 16th. They set a “market perform” rating for the company. Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.00.

Enerpac Tool Group Stock Up 0.1%

The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 21.47 and a beta of 0.96. The company has a quick ratio of 2.14, a current ratio of 2.83 and a debt-to-equity ratio of 0.42. The firm has a 50 day moving average price of $40.56 and a two-hundred day moving average price of $40.30.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.The business had revenue of $144.21 million during the quarter, compared to analyst estimates of $146.45 million. During the same quarter last year, the firm posted $0.40 EPS. As a group, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Hedge Funds Weigh In On Enerpac Tool Group

Several institutional investors and hedge funds have recently made changes to their positions in EPAC. Capital International Investors grew its position in shares of Enerpac Tool Group by 9.8% during the third quarter. Capital International Investors now owns 4,530,064 shares of the company’s stock worth $185,733,000 after buying an additional 403,834 shares in the last quarter. Champlain Investment Partners LLC raised its holdings in Enerpac Tool Group by 24.0% in the third quarter. Champlain Investment Partners LLC now owns 1,919,171 shares of the company’s stock valued at $78,686,000 after acquiring an additional 371,098 shares in the last quarter. Cooke & Bieler LP boosted its stake in Enerpac Tool Group by 2.1% during the 4th quarter. Cooke & Bieler LP now owns 1,577,871 shares of the company’s stock valued at $60,338,000 after acquiring an additional 31,868 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Enerpac Tool Group by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,383,056 shares of the company’s stock valued at $56,703,000 after acquiring an additional 4,480 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Enerpac Tool Group by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,289,990 shares of the company’s stock worth $52,329,000 after acquiring an additional 5,314 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

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.