Enerpac Tool Group (NYSE:EPAC) Earns Outperform Rating from Analysts at CJS Securities

CJS Securities began coverage on shares of Enerpac Tool Group (NYSE:EPAC - Free Report) in a research note published on Friday morning,Benzinga reports. The firm issued an outperform rating and a $53.00 target price on the stock.

Enerpac Tool Group Stock Down 1.7 %

Shares of NYSE EPAC traded down $0.73 during midday trading on Friday, hitting $43.08. 302,007 shares of the stock traded hands, compared to its average volume of 314,685. The company has a market cap of $2.34 billion, a PE ratio of 26.27 and a beta of 1.18. 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 has a one year low of $32.28 and a one year high of $51.91. The business has a 50 day moving average price of $44.59 and a two-hundred day moving average price of $44.46.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts predict that Enerpac Tool Group will post 1.78 EPS for the current year.

Remove Ads

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Intech Investment Management LLC purchased a new position in Enerpac Tool Group in the third quarter worth $442,000. Quest Partners LLC purchased a new position in Enerpac Tool Group in the third quarter worth $1,312,000. Wealthspire Advisors LLC purchased a new position in Enerpac Tool Group in the fourth quarter worth $238,000. US Bancorp DE boosted its position in Enerpac Tool Group by 117.5% in the fourth 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 last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Enerpac Tool Group by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company's stock valued at $51,797,000 after buying an additional 21,056 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

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.