Enerpac Tool Group (NYSE:EPAC) Reaches New 1-Year Low – Here’s Why

Enerpac Tool Group Corp. (NYSE:EPAC)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $32.71 and last traded at $33.8490, with a volume of 257974 shares changing hands. The stock had previously closed at $33.13.

Wall Street Analysts Forecast Growth

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

Enerpac Tool Group Trading Up 2.2%

The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. The business has a 50-day moving average of $35.56 and a 200-day moving average of $38.36. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 21.16 and a beta of 0.89.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. The business had revenue of $154.81 million for the quarter, compared to the consensus estimate of $147.80 million. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. Research analysts anticipate that Enerpac Tool Group Corp. will post 1.89 EPS for the current year.

Hedge Funds Weigh In On Enerpac Tool Group

A number of institutional investors have recently bought and sold shares of EPAC. AQR Capital Management LLC increased its position in Enerpac Tool Group by 29.5% during the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company’s stock worth $1,221,000 after buying an additional 6,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Enerpac Tool Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company’s stock worth $1,452,000 after buying an additional 1,425 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Enerpac Tool Group by 24.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company’s stock worth $9,743,000 after buying an additional 42,835 shares during the last quarter. Jane Street Group LLC increased its position in Enerpac Tool Group by 32.8% during the first quarter. Jane Street Group LLC now owns 131,506 shares of the company’s stock worth $5,899,000 after buying an additional 32,491 shares during the last quarter. Finally, Norges Bank acquired a new position in Enerpac Tool Group during the second quarter worth approximately $1,253,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

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.