Enerpac Tool Group (NYSE:EPAC) Sets New 12-Month High at $25.37


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Enerpac Tool Group Corp. (NYSE:EPAC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $25.37 and last traded at $24.35, with a volume of 5620 shares traded. The stock had previously closed at $24.88.

Several research firms have recently issued reports on EPAC. TheStreet raised shares of Enerpac Tool Group from a “d+” rating to a “c” rating in a research report on Monday, November 16th. G.Research cut shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Gabelli cut shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Wednesday, December 23rd. Finally, Zacks Investment Research raised shares of Enerpac Tool Group from a “sell” rating to a “hold” rating and set a $23.00 price objective for the company in a research report on Thursday, December 24th. Six analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $20.38.

The business’s 50-day moving average is $22.19 and its two-hundred day moving average is $21.56. The company has a quick ratio of 2.62, a current ratio of 3.26 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $1.45 billion, a PE ratio of 414.74 and a beta of 1.40.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Sunday, December 20th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Enerpac Tool Group had a net margin of 0.69% and a return on equity of 2.31%. The business had revenue of $119.43 million during the quarter, compared to analysts’ expectations of $121.71 million. As a group, analysts anticipate that Enerpac Tool Group Corp. will post 0.53 EPS for the current year.

Several large investors have recently made changes to their positions in EPAC. Veriti Management LLC purchased a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $40,000. Nisa Investment Advisors LLC raised its holdings in shares of Enerpac Tool Group by 38.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,600 shares of the company’s stock valued at $81,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Enerpac Tool Group by 28.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,421 shares of the company’s stock valued at $190,000 after buying an additional 1,860 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $213,000. Finally, Cim Investment Mangement Inc. purchased a new stake in shares of Enerpac Tool Group in the third quarter valued at about $240,000. 96.21% of the stock is owned by institutional investors and hedge funds.

About Enerpac Tool Group (NYSE:EPAC)

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions worldwide. It operates in two segments, Industrial Tools & Services (IT&S) and Other. The IT&S segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the industrial, maintenance, infrastructure, oil and gas, energy, and other markets.

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