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

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

Separately, CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They set an "outperform" rating and a $53.00 price target on the stock.

Enerpac Tool Group Price Performance

Shares of EPAC stock traded up $0.06 during trading hours on Friday, hitting $38.05. The company had a trading volume of 551,053 shares, compared to its average volume of 329,130. Enerpac Tool Group has a 12 month low of $36.78 and a 12 month high of $51.91. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 23.34 and a beta of 1.16. The firm's fifty day moving average is $42.53 and its 200 day moving average is $42.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The business had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. During the same period in the prior year, the company earned $0.47 EPS. On average, sell-side analysts predict that Enerpac Tool Group will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

A number of large investors have recently bought and sold shares of EPAC. Federated Hermes Inc. lifted its holdings in Enerpac Tool Group by 13.6% during the 4th quarter. Federated Hermes Inc. now owns 46,272 shares of the company's stock worth $1,901,000 after buying an additional 5,528 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Enerpac Tool Group by 332.7% during the 1st quarter. SG Americas Securities LLC now owns 10,834 shares of the company's stock worth $486,000 after buying an additional 8,330 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Enerpac Tool Group by 2.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company's stock worth $204,665,000 after buying an additional 117,203 shares in the last quarter. Amundi lifted its holdings in 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 in the last quarter. Finally, Atria Investments Inc acquired a new position in Enerpac Tool Group during the 4th quarter worth $261,000. 97.70% of the stock is currently owned by institutional investors.

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.