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

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

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EPAC shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, William Blair initiated coverage on shares of Enerpac Tool Group in a research report on Friday, January 16th. They set a “market perform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $52.00.

Enerpac Tool Group Stock Performance

The firm has a 50-day simple moving average of $40.64 and a two-hundred day simple moving average of $40.37. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 21.04 and a beta of 0.96.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Capital International Investors boosted its position in 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 purchasing an additional 403,834 shares during the period. Champlain Investment Partners LLC raised its position in shares of 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 purchasing an additional 371,098 shares during the period. Cooke & Bieler LP lifted its stake in shares of Enerpac Tool Group by 2.1% in the fourth quarter. Cooke & Bieler LP now owns 1,577,871 shares of the company’s stock worth $60,338,000 after buying an additional 31,868 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Enerpac Tool Group by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,383,056 shares of the company’s stock worth $56,703,000 after acquiring an additional 4,480 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 during the last quarter. 97.70% of the stock is owned by 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.