Enerpac Tool Group (NYSE:EPAC - Get Free Report)'s stock had its "buy (b-)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.
Other research analysts have also recently issued research reports about the stock. Roth Capital initiated coverage on shares of Enerpac Tool Group in a report on Friday, September 5th. They issued a "buy" rating and a $48.00 target price on the stock. Wall Street Zen cut shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Zacks Research upgraded shares of Enerpac Tool Group to a "hold" rating in a report on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Enerpac Tool Group currently has an average rating of "Moderate Buy" and a consensus price target of $50.50.
Check Out Our Latest Stock Report on EPAC
Enerpac Tool Group Trading Down 0.3%
Shares of Enerpac Tool Group stock traded down $0.11 on Wednesday, hitting $39.73. The stock had a trading volume of 385,809 shares, compared to its average volume of 398,437. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. Enerpac Tool Group has a one year low of $36.51 and a one year high of $51.91. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 24.37 and a beta of 1.12. The stock's 50-day simple moving average is $41.43 and its two-hundred day simple moving average is $41.32.
Insider Transactions at Enerpac Tool Group
In related news, Director E James Ferland, Jr. sold 4,224 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.99, for a total value of $173,141.76. Following the completion of the sale, the director directly owned 94,136 shares of the company's stock, valued at approximately $3,858,634.64. This represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.
Institutional Investors Weigh In On Enerpac Tool Group
Institutional investors have recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in shares of Enerpac Tool Group by 41.0% in the first quarter. Assetmark Inc. now owns 980 shares of the company's stock valued at $44,000 after purchasing an additional 285 shares in the last quarter. MainStreet Investment Advisors LLC grew its holdings in shares of Enerpac Tool Group by 5.5% in the first quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company's stock valued at $305,000 after purchasing an additional 355 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Enerpac Tool Group by 0.7% in the second quarter. California State Teachers Retirement System now owns 50,173 shares of the company's stock valued at $2,035,000 after purchasing an additional 369 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of Enerpac Tool Group by 3.8% in the second quarter. Moody National Bank Trust Division now owns 11,379 shares of the company's stock valued at $462,000 after purchasing an additional 412 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Enerpac Tool Group by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock valued at $307,000 after purchasing an additional 440 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.
About Enerpac Tool Group
(
Get Free Report)
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.
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