Enerpac Tool Group (NYSE:EPAC) Trading Down 6.3% - Should You Sell?

Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report) dropped 6.3% during mid-day trading on Friday . The stock traded as low as $41.04 and last traded at $41.36. Approximately 482,083 shares changed hands during mid-day trading, an increase of 50% from the average daily volume of 320,636 shares. The stock had previously closed at $44.14.

Wall Street Analysts Forecast Growth

EPAC has been the topic of several analyst reports. 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 target price on the stock. Wall Street Zen upgraded shares of Enerpac Tool Group from a "hold" rating to a "buy" rating in a research note on Friday.

Enerpac Tool Group Trading Down 2.3%

The company has a market cap of $2.19 billion, a P/E ratio of 23.07 and a beta of 1.20. The stock's 50-day moving average is $42.55 and its two-hundred day moving average is $43.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $158.66 million for the quarter, compared to the consensus estimate of $159.35 million. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EPAC. Assetmark Inc. bought a new position in Enerpac Tool Group in the fourth quarter worth approximately $29,000. Russell Investments Group Ltd. increased its stake in shares of Enerpac Tool Group by 1,556.2% in the first quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company's stock worth $54,000 after purchasing an additional 1,136 shares in the last quarter. Whittier Trust Co. increased its stake in shares of Enerpac Tool Group by 361.9% in the first quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock worth $75,000 after purchasing an additional 1,303 shares in the last quarter. Quarry LP increased its stake in shares of Enerpac Tool Group by 1,109.6% in the first quarter. Quarry LP now owns 2,141 shares of the company's stock worth $96,000 after purchasing an additional 1,964 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Enerpac Tool Group in the fourth quarter worth $99,000. 97.70% of the stock is currently owned by institutional investors.

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.