Enerpac Tool Group (NYSE:EPAC) Reaches New 1-Year High at $37.42

Shares of Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $37.42 and last traded at $37.39, with a volume of 22168 shares traded. The stock had previously closed at $36.83.

Enerpac Tool Group Price Performance

The company has a market cap of $2.04 billion, a price-to-earnings ratio of 29.58 and a beta of 1.19. 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 company's 50 day moving average price is $34.75 and its 200 day moving average price is $31.58.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its earnings results on Thursday, March 21st. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Enerpac Tool Group had a net margin of 11.75% and a return on equity of 26.38%. The company had revenue of $138.44 million during the quarter, compared to analysts' expectations of $141.10 million. During the same quarter last year, the business earned $0.35 EPS. Equities research analysts forecast that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current year.

Institutional Investors Weigh In On Enerpac Tool Group

Institutional investors have recently bought and sold shares of the stock. CenterBook Partners LP lifted its position in Enerpac Tool Group by 96.7% during the third quarter. CenterBook Partners LP now owns 90,269 shares of the company's stock valued at $2,386,000 after buying an additional 44,380 shares in the last quarter. Invesco Ltd. lifted its position in shares of Enerpac Tool Group by 39.0% during the third quarter. Invesco Ltd. now owns 351,954 shares of the company's stock worth $9,302,000 after purchasing an additional 98,763 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Enerpac Tool Group by 2.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 578,582 shares of the company's stock worth $15,292,000 after purchasing an additional 15,485 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Enerpac Tool Group by 25.5% during the third quarter. Jennison Associates LLC now owns 2,661,861 shares of the company's stock worth $70,353,000 after purchasing an additional 540,747 shares in the last quarter. Finally, Cooke & Bieler LP lifted its position in shares of Enerpac Tool Group by 4.6% during the fourth quarter. Cooke & Bieler LP now owns 1,477,913 shares of the company's stock worth $45,948,000 after purchasing an additional 64,685 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

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.