Enerpac Tool Group (NYSE:EPAC) Lowered to Buy Rating by Wall Street Zen

Key Points

• Enerpac Tool Group has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, indicating a more cautious outlook from analysts.
• Shares of Enerpac Tool Group opened at $38.36, with a one-year trading range between $36.51 and $51.91.
• Large investors have significantly increased their positions in Enerpac Tool Group, with notable increases from firms such as Assetmark Inc. and Russell Investments Group Ltd.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Enerpac Tool Group Trading Down 0.2%

Shares of EPAC stock traded down $0.07 on Friday, reaching $38.54. 420,293 shares of the stock were exchanged, compared to its average volume of 492,102. The firm has a 50 day moving average of $40.72 and a two-hundred day moving average of $42.47. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.08 billion, a P/E ratio of 23.64 and a beta of 1.16. Enerpac Tool Group has a 1-year low of $36.51 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its earnings results on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $0.47 EPS. On average, research analysts anticipate that Enerpac Tool Group will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. raised its stake in Enerpac Tool Group by 41.0% in the 1st quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after purchasing an additional 285 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Enerpac Tool Group by 1,556.2% in the 1st 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 during the period. Whittier Trust Co. lifted its position in shares of Enerpac Tool Group by 361.9% during the 1st quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock valued at $75,000 after acquiring an additional 1,303 shares during the period. Quarry LP increased its stake in Enerpac Tool Group by 1,109.6% during the 1st quarter. Quarry LP now owns 2,141 shares of the company's stock valued at $96,000 after purchasing an additional 1,964 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth $99,000. 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.