Enerpac Tool Group (NYSE:EPAC) Shares Down 6.3% - What's Next?

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report)'s stock price fell 6.3% on Friday . The company traded as low as $41.04 and last traded at $41.36. 482,083 shares were traded during mid-day trading, an increase of 50% from the average session volume of 320,636 shares. The stock had previously closed at $44.14.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen downgraded Enerpac Tool Group from a "buy" rating to a "hold" rating in a research note on Sunday, June 1st. 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 price target on the stock.

Enerpac Tool Group Trading Down 6.3%

The company has a market capitalization of $2.24 billion, a P/E ratio of 24.55 and a beta of 1.20. The business has a fifty day moving average price of $42.48 and a 200 day moving average price of $43.34. The company has a quick ratio of 2.36, a current ratio of 3.06 and a debt-to-equity ratio of 0.46.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $158.66 million for the quarter, compared to analysts' expectations of $159.35 million. Enerpac Tool Group had a net margin of 15.47% and a return on equity of 24.61%. During the same period in the previous year, the firm posted $0.47 EPS. On average, analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerpac Tool Group

Institutional investors have recently bought and sold shares of the business. Assetmark Inc. acquired a new position in shares of Enerpac Tool Group in the fourth quarter valued at $29,000. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group during the 4th quarter worth about $36,000. Russell Investments Group Ltd. raised its holdings in Enerpac Tool Group by 1,556.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company's stock valued at $54,000 after acquiring an additional 1,136 shares during the period. Whittier Trust Co. lifted its position in Enerpac Tool Group by 361.9% during the first quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock worth $75,000 after acquiring an additional 1,303 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Enerpac Tool Group by 1,109.6% during the first quarter. Quarry LP now owns 2,141 shares of the company's stock worth $96,000 after acquiring an additional 1,964 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

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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