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

Shares of Enerpac Tool Group Corp. (NYSE:EPAC) reached a new 52-week low on Friday . The company traded as low as $33.64 and last traded at $33.6460, with a volume of 241931 shares traded. The stock had previously closed at $34.66.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on EPAC shares. William Blair started coverage on Enerpac Tool Group in a research note on Friday, January 16th. They issued a “market perform” rating on the stock. Wall Street Zen upgraded 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 given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.00.

Enerpac Tool Group Price Performance

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

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $154.81 million for the quarter, compared to analysts’ expectations of $147.80 million. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.Enerpac Tool Group’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts predict that Enerpac Tool Group Corp. will post 1.89 EPS for the current year.

Institutional Investors Weigh In On Enerpac Tool Group

Institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL increased its stake in Enerpac Tool Group by 58.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 167,029 shares of the company’s stock worth $6,848,000 after buying an additional 61,337 shares in the last quarter. Cooke & Bieler LP increased its stake in Enerpac Tool Group by 46.2% in the 3rd quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock worth $63,386,000 after buying an additional 488,209 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in Enerpac Tool Group by 627.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company’s stock worth $1,482,000 after buying an additional 31,188 shares in the last quarter. Capital International Investors increased its stake in Enerpac Tool Group by 9.8% in the 3rd quarter. Capital International Investors now owns 4,530,064 shares of the company’s stock worth $185,733,000 after buying an additional 403,834 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in Enerpac Tool Group by 1,198.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 106,697 shares of the company’s stock worth $4,375,000 after buying an additional 98,482 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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.