Enerpac Tool Group (NYSE:EPAC) Announces Quarterly Earnings Results

Enerpac Tool Group (NYSE:EPAC) posted its quarterly earnings results on Tuesday. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.11, Zacks reports. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.

Enerpac Tool Group Price Performance

NYSE EPAC traded down $0.84 on Tuesday, reaching $34.37. 474,640 shares of the company’s stock traded hands, compared to its average volume of 414,523. Enerpac Tool Group has a 12 month low of $32.35 and a 12 month high of $45.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. The stock has a 50-day simple moving average of $34.86 and a 200 day simple moving average of $37.46. The stock has a market cap of $1.77 billion, a PE ratio of 21.48 and a beta of 0.85.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. XTX Topco Ltd raised its stake in Enerpac Tool Group by 707.9% in the fourth quarter. XTX Topco Ltd now owns 100,127 shares of the company’s stock worth $3,829,000 after buying 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 worth $2,716,000 after acquiring an additional 37,230 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $817,000. Numerai GP LLC bought a new position in shares of Enerpac Tool Group in the 4th quarter worth approximately $296,000. Finally, Oxford Asset Management LLP purchased a new position in shares of Enerpac Tool Group in the 4th quarter valued at approximately $636,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on EPAC shares. Wall Street Zen upgraded Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings downgraded shares of Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.