Enerpac Tool Group (NYSE:EPAC) Hits New 1-Year Low – Time to Sell?

Enerpac Tool Group Corp. (NYSE:EPAC)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $33.64 and last traded at $33.6460, with a volume of 241931 shares changing hands. The stock had previously closed at $34.66.

Analyst Ratings Changes

Several brokerages have issued reports on EPAC. William Blair began coverage on shares of Enerpac Tool Group in a research note on Friday, January 16th. They issued a “market perform” rating for the company. Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.00.

Enerpac Tool Group Trading Down 2.9%

The firm has a market cap of $1.73 billion, a P/E ratio of 21.03 and a beta of 0.89. The company’s 50 day simple moving average is $35.92 and its 200-day simple moving average is $38.58. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, hitting analysts’ consensus estimates of $0.39. The business had revenue of $154.81 million for the quarter, compared to analyst estimates of $147.80 million. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. Enerpac Tool Group’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts predict that Enerpac Tool Group Corp. will post 1.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerpac Tool Group

Several institutional investors have recently bought and sold shares of EPAC. M&T Bank Corp increased its holdings in Enerpac Tool Group by 2,163.1% during the fourth quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock valued at $42,992,000 after buying an additional 1,074,588 shares during the period. Bessemer Group Inc. increased its holdings in Enerpac Tool Group by 1,570.4% during the fourth quarter. Bessemer Group Inc. now owns 605,202 shares of the company’s stock valued at $23,142,000 after buying an additional 568,972 shares during the period. Cooke & Bieler LP increased its holdings in Enerpac Tool Group by 46.2% during the third quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock valued at $63,386,000 after buying an additional 488,209 shares during the period. Brown Advisory Inc. increased its holdings in Enerpac Tool Group by 92.7% during the fourth quarter. Brown Advisory Inc. now owns 864,054 shares of the company’s stock valued at $33,041,000 after buying an additional 415,723 shares during the period. Finally, Capital International Investors increased its holdings 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 valued at $185,733,000 after buying an additional 403,834 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

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.