Enerpac Tool Group (NYSE:EPAC) Announces Earnings Results

Enerpac Tool Group (NYSE:EPAC - Get Free Report) released its earnings results on Thursday. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.04, Zacks reports. Enerpac Tool Group had a net margin of 15.47% and a return on equity of 24.61%.

Enerpac Tool Group Price Performance

EPAC traded up $0.84 during trading on Thursday, reaching $44.02. 676,237 shares of the stock were exchanged, compared to its average volume of 321,016. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of 26.04 and a beta of 1.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 3.06 and a quick ratio of 2.36. Enerpac Tool Group has a 1 year low of $36.78 and a 1 year high of $51.91. The business's 50 day moving average price is $42.37 and its two-hundred day moving average price is $43.36.

Institutional Trading of Enerpac Tool Group

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its position in Enerpac Tool Group by 29.5% during the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company's stock worth $1,221,000 after buying an additional 6,203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Enerpac Tool Group by 4.6% during the 1st 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. Jane Street Group LLC grew its holdings in shares of Enerpac Tool Group by 32.8% during the first quarter. Jane Street Group LLC now owns 131,506 shares of the company's stock worth $5,899,000 after buying an additional 32,491 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Enerpac Tool Group by 24.6% in 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 buying an additional 42,835 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on EPAC. CJS Securities began coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price for the company. Wall Street Zen cut Enerpac Tool Group from a "buy" rating to a "hold" rating in a research report on Sunday, June 1st.

About Enerpac Tool Group

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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