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

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 1,090,000 shares, a growth of 20.4% from the February 13th total of 905,600 shares. Approximately 2.0% of the company's shares are short sold. Based on an average daily volume of 348,400 shares, the short-interest ratio is currently 3.1 days.

Analysts Set New Price Targets

Separately, CJS Securities initiated 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 objective for the company.

Enerpac Tool Group Trading Down 3.0 %

NYSE EPAC traded down $1.30 during trading on Friday, hitting $42.04. The company had a trading volume of 820,734 shares, compared to its average volume of 311,275. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group has a one year low of $34.47 and a one year high of $51.91. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 25.64 and a beta of 1.18. The company's fifty day moving average is $44.71 and its 200-day moving average is $44.49.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings results 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%. On average, sell-side analysts predict that Enerpac Tool Group will post 1.78 earnings per share for the current year.

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Hedge Funds Weigh In On Enerpac Tool Group

Institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC bought a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $442,000. Quest Partners LLC bought a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $1,312,000. Wealthspire Advisors LLC bought a new position in shares of Enerpac Tool Group in the 4th quarter worth approximately $238,000. US Bancorp DE lifted its stake in shares of Enerpac Tool Group by 117.5% in the 4th quarter. US Bancorp DE now owns 17,236 shares of the company's stock worth $708,000 after purchasing an additional 9,311 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Enerpac Tool Group by 1.7% in the 3rd 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 during the period. Institutional investors 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.