Enerpac Tool Group Corp. (NYSE:EPAC) Receives Average Rating of “Hold” from Brokerages

Enerpac Tool Group Corp. (NYSE:EPAC) has been assigned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $52.00.

A number of research firms have recently commented on EPAC. Roth Capital set a $51.00 target price on shares of Enerpac Tool Group and gave the stock a “buy” rating in a research note on Monday, October 20th. Wall Street Zen lowered Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. William Blair began coverage on Enerpac Tool Group in a research report on Friday. They issued a “market perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th.

Enerpac Tool Group Stock Up 3.0%

Shares of EPAC opened at $41.39 on Friday. The firm has a market cap of $2.18 billion, a P/E ratio of 24.79 and a beta of 1.01. Enerpac Tool Group has a 12 month low of $35.01 and a 12 month high of $47.47. The stock’s 50 day moving average is $38.88 and its two-hundred day moving average is $39.96. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, December 17th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $144.21 million for the quarter, compared to analyst estimates of $146.45 million. Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.During the same period in the previous year, the company earned $0.40 earnings per share. Analysts predict that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

A number of hedge funds have recently modified their holdings of EPAC. Moody National Bank Trust Division grew its stake in Enerpac Tool Group by 16.4% during the 4th quarter. Moody National Bank Trust Division now owns 17,730 shares of the company’s stock valued at $678,000 after acquiring an additional 2,500 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Enerpac Tool Group by 19.1% in the fourth quarter. SG Americas Securities LLC now owns 32,027 shares of the company’s stock valued at $1,225,000 after purchasing an additional 5,146 shares in the last quarter. Diversified Trust Co. grew its position in shares of Enerpac Tool Group by 26.2% in the fourth quarter. Diversified Trust Co. now owns 27,250 shares of the company’s stock valued at $1,042,000 after purchasing an additional 5,650 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Enerpac Tool Group by 37.8% in the third quarter. JPMorgan Chase & Co. now owns 66,552 shares of the company’s stock valued at $2,729,000 after purchasing an additional 18,262 shares during the last quarter. Finally, Tudor Investment Corp ET AL lifted its position in Enerpac Tool Group by 58.0% during the third quarter. Tudor Investment Corp ET AL now owns 167,029 shares of the company’s stock worth $6,848,000 after buying an additional 61,337 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Company Profile

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.