Enerpac Tool Group (NYSE:EPAC) Posts Earnings Results, Meets Expectations

Enerpac Tool Group (NYSE:EPAC) announced its earnings results on Wednesday. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39, FiscalAI reports. The business had revenue of $154.81 million during the quarter, compared to the consensus estimate of $147.80 million. Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year.

Enerpac Tool Group Stock Performance

NYSE:EPAC opened at $37.54 on Thursday. The firm’s fifty day simple moving average is $40.01 and its 200-day simple moving average is $39.98. 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 stock has a market cap of $1.98 billion, a PE ratio of 22.48 and a beta of 0.96. Enerpac Tool Group has a fifty-two week low of $34.90 and a fifty-two week high of $47.27.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EPAC shares. Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. William Blair started coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen cut shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Enerpac Tool Group currently has a consensus rating of “Hold” and a consensus target price of $51.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC grew its holdings in Enerpac Tool Group by 29.5% in the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company’s stock valued at $1,221,000 after purchasing an additional 6,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Enerpac Tool Group by 4.6% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Enerpac Tool Group by 24.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company’s stock valued at $9,743,000 after acquiring an additional 42,835 shares during the last quarter. Jane Street Group LLC grew its stake in Enerpac Tool Group by 32.8% in the 1st quarter. Jane Street Group LLC now owns 131,506 shares of the company’s stock valued at $5,899,000 after acquiring an additional 32,491 shares during the last quarter. Finally, Norges Bank purchased a new position in Enerpac Tool Group during the 2nd quarter valued at about $1,253,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.