Enerpac Tool Group (NYSE:EPAC) Trading 4.7% Higher - Should You Buy?

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) shares traded up 4.7% during mid-day trading on Tuesday . The stock traded as high as $46.67 and last traded at $45.44. 56,106 shares traded hands during trading, a decline of 82% from the average session volume of 312,113 shares. The stock had previously closed at $43.38.

Wall Street Analysts Forecast Growth

Separately, CJS Securities began coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 target price for the company.

Enerpac Tool Group Price Performance

The firm has a market capitalization of $2.44 billion, a PE ratio of 27.32 and a beta of 1.18. The stock's 50 day simple moving average is $44.97 and its two-hundred day simple moving average is $44.66. 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 - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The firm had revenue of $145.53 million for the quarter, compared to the consensus estimate of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in Enerpac Tool Group during the third quarter worth about $442,000. Amundi increased its holdings in shares of Enerpac Tool Group by 184.7% during the 4th quarter. Amundi now owns 27,217 shares of the company's stock worth $1,121,000 after buying an additional 17,658 shares during the last quarter. Atria Investments Inc purchased a new stake in shares of Enerpac Tool Group during the 4th quarter valued at approximately $261,000. Wealthspire Advisors LLC acquired a new position in Enerpac Tool Group in the fourth quarter valued at approximately $238,000. Finally, US Bancorp DE grew 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 acquiring an additional 9,311 shares during the period. Institutional investors and hedge funds 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.