Enerpac Tool Group (NYSE:EPAC) Sets New 1-Year Low – What’s Next?

Enerpac Tool Group Corp. (NYSE:EPAC) reached a new 52-week low during trading on Thursday . The company traded as low as $34.75 and last traded at $34.48, with a volume of 164789 shares changing hands. The stock had previously closed at $37.48.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EPAC. William Blair initiated coverage on shares of Enerpac Tool Group in a research note on Friday, January 16th. They set a “market perform” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday. One 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 company presently has an average rating of “Hold” and a consensus target price of $51.00.

Enerpac Tool Group Price Performance

The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 2.14. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 21.46 and a beta of 0.96. The stock has a 50 day moving average price of $39.74 and a two-hundred day moving average price of $39.88.

Enerpac Tool Group (NYSE:EPAC) last posted its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The firm had revenue of $154.81 million for the quarter, compared to analyst estimates of $147.80 million. The business’s revenue was up 6.4% on a year-over-year basis. As a group, analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp increased its stake in Enerpac Tool Group by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after buying an additional 479 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Enerpac Tool Group in the 2nd quarter valued at approximately $42,000. Danske Bank A S purchased a new position in Enerpac Tool Group in the 3rd quarter valued at approximately $45,000. Kemnay Advisory Services Inc. acquired a new position in shares of Enerpac Tool Group in the fourth quarter worth $47,000. Finally, Advisory Services Network LLC purchased a new stake in shares of Enerpac Tool Group during the third quarter worth $61,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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.