Enerpac Tool Group (NYSE:EPAC) Sets New 1-Year High at $38.92

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report)'s share price hit a new 52-week high during trading on Monday . The company traded as high as $38.92 and last traded at $38.55, with a volume of 3675 shares traded. The stock had previously closed at $38.65.

Enerpac Tool Group Stock Down 2.7 %

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 stock has a 50 day simple moving average of $35.18 and a 200 day simple moving average of $31.92. The firm has a market capitalization of $2.04 billion, a PE ratio of 29.61 and a beta of 1.19.

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

Hedge Funds Weigh In On Enerpac Tool Group

Several hedge funds have recently made changes to their positions in the business. Capital International Investors increased its stake in shares of Enerpac Tool Group by 2.8% during the fourth quarter. Capital International Investors now owns 4,347,380 shares of the company's stock valued at $135,160,000 after buying an additional 118,691 shares during the period. Champlain Investment Partners LLC grew its stake in Enerpac Tool Group by 6.2% in the first quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company's stock worth $113,812,000 after purchasing an additional 186,335 shares during the period. Jennison Associates LLC grew its stake in Enerpac Tool Group by 3.1% in the fourth quarter. Jennison Associates LLC now owns 2,744,463 shares of the company's stock worth $85,325,000 after purchasing an additional 82,602 shares during the period. Cooke & Bieler LP grew its stake in Enerpac Tool Group by 4.6% in 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 during the period. Finally, Bank of New York Mellon Corp grew its stake in Enerpac Tool Group by 8.5% in the third quarter. Bank of New York Mellon Corp now owns 629,386 shares of the company's stock worth $16,635,000 after purchasing an additional 49,268 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Company Profile

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.