Enerpac Tool Group (NYSE:EPAC) Hits New 12-Month High at $35.96

Shares of Enerpac Tool Group Corp. (NYSE:EPAC) reached a new 52-week high during trading on Tuesday . The company traded as high as $35.96 and last traded at $35.96, with a volume of 79427 shares traded. The stock had previously closed at $35.24.

Enerpac Tool Group Price Performance

The company has a market capitalization of $1.96 billion, a P/E ratio of 27.76 and a beta of 1.21. The business’s 50-day simple moving average is $34.19 and its 200 day simple moving average is $31.01. The company has a current ratio of 3.11, a quick ratio of 2.41 and a debt-to-equity ratio of 0.71.

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

Institutional Trading of Enerpac Tool Group

A number of hedge funds and other institutional investors have recently made changes to their positions in EPAC. SG Americas Securities LLC bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth approximately $1,169,000. Bank of New York Mellon Corp raised its holdings in shares of Enerpac Tool Group by 8.5% during the third quarter. Bank of New York Mellon Corp now owns 629,386 shares of the company’s stock valued at $16,635,000 after acquiring an additional 49,268 shares during the period. New York State Teachers Retirement System raised its holdings in shares of Enerpac Tool Group by 8.7% during the third quarter. New York State Teachers Retirement System now owns 48,613 shares of the company’s stock valued at $1,285,000 after acquiring an additional 3,888 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Enerpac Tool Group by 27.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,588 shares of the company’s stock valued at $280,000 after acquiring an additional 2,257 shares during the period. Finally, Jennison Associates LLC raised its holdings 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 valued at $70,353,000 after acquiring an additional 540,747 shares during the period. 97.70% of the stock is currently owned by 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.