Enerpac Tool Group (NYSE:EPAC) Announces Earnings Results

Enerpac Tool Group (NYSE:EPAC) issued its earnings results on Wednesday. The company reported $0.39 EPS for the quarter, meeting analysts’ consensus estimates of $0.39, FiscalAI reports. Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.The business had revenue of $154.81 million during the quarter, compared to analyst estimates of $147.80 million.

Enerpac Tool Group Stock Performance

EPAC traded up $0.20 during trading hours on Wednesday, reaching $37.54. The company’s stock had a trading volume of 381,059 shares, compared to its average volume of 364,212. Enerpac Tool Group has a 52 week low of $34.90 and a 52 week high of $47.27. The firm has a market cap of $1.98 billion, a PE ratio of 22.48 and a beta of 0.96. The company’s 50-day moving average is $40.06 and its 200-day moving average is $39.99. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.14 and a current ratio of 2.83.

Institutional Trading of Enerpac Tool Group

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd raised its stake in Enerpac Tool Group by 707.9% during the fourth quarter. XTX Topco Ltd now owns 100,127 shares of the company’s stock worth $3,829,000 after acquiring an additional 87,734 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in shares of Enerpac Tool Group by 110.2% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 71,018 shares of the company’s stock valued at $2,716,000 after purchasing an additional 37,230 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Enerpac Tool Group during the 4th quarter valued at approximately $817,000. Numerai GP LLC acquired a new position in Enerpac Tool Group during the 4th quarter worth approximately $296,000. Finally, Oxford Asset Management LLP bought a new position in Enerpac Tool Group in the 4th quarter valued at approximately $636,000. Institutional investors own 97.70% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on EPAC. Wall Street Zen lowered Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. William Blair initiated coverage on shares of Enerpac Tool Group in a research note on Friday, January 16th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.00.

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.