Enerpac Tool Group (NYSE:EPAC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Enerpac Tool Group (NYSE:EPAC) from a hold rating to a buy rating in a research note released on Saturday.

Several other equities research analysts have also recently weighed in on EPAC. William Blair initiated coverage on shares of Enerpac Tool Group in a research report on Friday, January 16th. They set a “market perform” rating for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.00.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock opened at $35.20 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.56 and a quick ratio of 1.88. Enerpac Tool Group has a one year low of $33.66 and a one year high of $46.43. The business’s 50 day simple moving average is $39.63 and its two-hundred day simple moving average is $39.80. The stock has a market capitalization of $1.86 billion, a P/E ratio of 22.00 and a beta of 0.96.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The firm had revenue of $154.81 million during the quarter, compared to analyst estimates of $147.80 million. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. Analysts forecast that Enerpac Tool Group will post 1.78 EPS for the current year.

Hedge Funds Weigh In On Enerpac Tool Group

A number of institutional investors have recently bought and sold shares of EPAC. Cooke & Bieler LP raised its position in shares of Enerpac Tool Group by 46.2% in the 3rd quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock worth $63,386,000 after acquiring an additional 488,209 shares in the last quarter. Tudor Investment Corp ET AL lifted its stake in shares of Enerpac Tool Group by 58.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 167,029 shares of the company’s stock valued at $6,848,000 after purchasing an additional 61,337 shares during the period. Y Intercept Hong Kong Ltd boosted its position in shares of Enerpac Tool Group by 627.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company’s stock valued at $1,482,000 after purchasing an additional 31,188 shares in the last quarter. Capital International Investors boosted its position in shares of Enerpac Tool Group by 9.8% during the third quarter. Capital International Investors now owns 4,530,064 shares of the company’s stock valued at $185,733,000 after purchasing an additional 403,834 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in Enerpac Tool Group by 33.1% in the third quarter. Voya Investment Management LLC now owns 151,673 shares of the company’s stock worth $6,219,000 after purchasing an additional 37,686 shares during the period. 97.70% of the stock is owned by institutional investors.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.