Enerpac Tool Group (NYSE:EPAC) Shares Gap Down to $38.60

Enerpac Tool Group Corp. (NYSE:EPACGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $38.60, but opened at $35.62. Enerpac Tool Group shares last traded at $37.86, with a volume of 192,051 shares.

Enerpac Tool Group Stock Performance

The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 27.69 and a beta of 1.18. The company has a current ratio of 3.11, a quick ratio of 2.41 and a debt-to-equity ratio of 0.71. The stock’s fifty day simple moving average is $37.47 and its 200-day simple moving average is $34.10.

Enerpac Tool Group (NYSE:EPACGet Free Report) last released its earnings results on Monday, June 24th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $150.39 million for the quarter, compared to analyst estimates of $153.20 million. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. During the same period in the prior year, the business earned $0.39 EPS. Analysts predict that Enerpac Tool Group Corp. will post 1.75 EPS for the current year.

Institutional Investors Weigh In On Enerpac Tool Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Illinois Municipal Retirement Fund raised its holdings in shares of Enerpac Tool Group by 1.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 31,594 shares of the company’s stock valued at $1,127,000 after purchasing an additional 334 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Enerpac Tool Group by 0.9% in the 1st quarter. Texas Permanent School Fund Corp now owns 47,373 shares of the company’s stock valued at $1,689,000 after purchasing an additional 429 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Enerpac Tool Group by 3.4% in the 4th quarter. Moody National Bank Trust Division now owns 13,467 shares of the company’s stock valued at $419,000 after purchasing an additional 437 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Enerpac Tool Group by 90.1% in the 1st quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $33,000 after purchasing an additional 444 shares in the last quarter. Finally, SkyView Investment Advisors LLC grew its position in shares of Enerpac Tool Group by 3.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 14,946 shares of the company’s stock valued at $395,000 after buying an additional 451 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Company Profile

(Get Free Report)

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.

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