Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Update

Enerpac Tool Group Corp. (NYSE:EPAC) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 827,400 shares, an increase of 27.8% from the December 31st total of 647,400 shares. Based on an average daily volume of 362,100 shares, the short-interest ratio is presently 2.3 days. Currently, 1.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Enerpac Tool Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its position in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company’s stock worth $100,263,000 after buying an additional 336,323 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Enerpac Tool Group by 1.7% during the third quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company’s stock worth $51,797,000 after purchasing an additional 21,056 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Enerpac Tool Group by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock worth $26,033,000 after purchasing an additional 6,903 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Enerpac Tool Group by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 287,271 shares of the company’s stock worth $11,804,000 after purchasing an additional 9,777 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Enerpac Tool Group by 0.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company’s stock valued at $6,170,000 after purchasing an additional 671 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Performance

EPAC stock traded up $0.28 during midday trading on Friday, reaching $45.19. 458,719 shares of the company’s stock traded hands, compared to its average volume of 271,128. The firm has a market capitalization of $2.46 billion, a PE ratio of 27.55 and a beta of 1.18. The company has a 50-day moving average price of $44.70 and a two-hundred day moving average price of $43.26. Enerpac Tool Group has a 52 week low of $30.43 and a 52 week high of $51.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. As a group, equities analysts anticipate that Enerpac Tool Group will post 1.78 EPS for the current year.

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.