Enerpac Tool Group (NYSE:EPAC) Downgraded by Wall Street Zen to Hold

Wall Street Zen lowered shares of Enerpac Tool Group (NYSE:EPAC - Free Report) from a buy rating to a hold rating in a research note published on Sunday.

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

Enerpac Tool Group Price Performance

NYSE EPAC traded down $0.67 during trading hours on Friday, hitting $42.22. 148,918 shares of the company's stock traded hands, compared to its average volume of 328,123. Enerpac Tool Group has a 52-week low of $35.18 and a 52-week high of $51.91. The company has a market capitalization of $2.28 billion, a PE ratio of 25.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The firm's 50-day moving average is $41.98 and its 200-day moving average is $43.97.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The firm had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. Equities analysts forecast that Enerpac Tool Group will post 1.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Enerpac Tool Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EPAC. Thrivent Financial for Lutherans raised its position in Enerpac Tool Group by 1,061.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock worth $20,351,000 after acquiring an additional 452,641 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Enerpac Tool Group by 81.5% in the first quarter. Ameriprise Financial Inc. now owns 971,462 shares of the company's stock valued at $43,580,000 after buying an additional 436,152 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Enerpac Tool Group by 1,931.9% in the fourth quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock valued at $16,817,000 after buying an additional 389,121 shares during the last quarter. Nuveen LLC acquired a new position in shares of Enerpac Tool Group in the first quarter valued at approximately $12,804,000. Finally, MetLife Investment Management LLC raised its position in shares of Enerpac Tool Group by 849.1% in the first quarter. MetLife Investment Management LLC now owns 315,317 shares of the company's stock valued at $14,145,000 after buying an additional 282,094 shares during the last quarter. Institutional investors and hedge funds 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.