Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Update

Key Points

• Short interest rose 23.4% in March to 1,029,279 shares, representing 2.0% of the stock and a days‑to‑cover ratio of 3.0.
• Institutional ownership is very high at 97.7%, with major managers such as UBS, Jane Street and AQR materially increasing their stakes in the latest quarter.
• Analysts' consensus is a Hold (average target $51), and the company recently reported Q results with EPS $0.39 (in line) and revenue $154.8M (above estimates), up 6.4% year‑over‑year.

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,029,279 shares, an increase of 23.4% from the February 26th total of 834,185 shares. Based on an average daily trading volume, of 343,460 shares, the days-to-cover ratio is currently 3.0 days. Currently, 2.0% of the company's stock are sold short.

Hedge Funds Weigh In On Enerpac Tool Group

Several hedge funds and other institutional investors have recently bought and sold shares of EPAC. AQR Capital Management LLC boosted its holdings in shares of Enerpac Tool Group by 29.5% in the 1st quarter. AQR Capital Management LLC now owns 27,208 shares of the company's stock valued at $1,221,000 after acquiring an additional 6,203 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Enerpac Tool Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company's stock worth $1,452,000 after purchasing an additional 1,425 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Enerpac Tool Group by 24.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company's stock valued at $9,743,000 after purchasing an additional 42,835 shares during the period. Jane Street Group LLC boosted its holdings in Enerpac Tool Group by 32.8% in the first quarter. Jane Street Group LLC now owns 131,506 shares of the company's stock valued at $5,899,000 after purchasing an additional 32,491 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Enerpac Tool Group by 1.2% in the second quarter. Legal & General Group Plc now owns 152,985 shares of the company's stock worth $6,205,000 after buying an additional 1,824 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on EPAC shares. William Blair began coverage on Enerpac Tool Group in a research report on Friday, January 16th. They set 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. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Enerpac Tool Group in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Enerpac Tool Group currently has a consensus rating of "Hold" and an average target price of $51.00.

Enerpac Tool Group Stock Performance

Shares of NYSE EPAC traded up $0.86 during mid-day trading on Monday, hitting $35.20. The stock had a trading volume of 561,602 shares, compared to its average volume of 380,972. The firm has a market cap of $1.86 billion, a PE ratio of 22.00 and a beta of 0.96. 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 company has a 50 day moving average of $39.74 and a two-hundred day moving average of $39.85. Enerpac Tool Group has a twelve month low of $33.66 and a twelve month high of $46.43.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The company had revenue of $154.81 million during 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%.The business's quarterly revenue was up 6.4% on a year-over-year basis. Research analysts predict that Enerpac Tool Group will post 1.78 EPS for the current fiscal year.

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.

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