Enerpac Tool Group (NYSE:EPAC) Upgraded at Zacks Research

Zacks Research upgraded shares of Enerpac Tool Group (NYSE:EPAC) to a hold rating in a research report released on Monday,Zacks.com reports.

EPAC has been the topic of a number of other reports. Roth Capital initiated coverage on Enerpac Tool Group in a research report on Friday, September 5th. They set a “buy” rating and a $48.00 price target on the stock. Wall Street Zen downgraded Enerpac Tool Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Enerpac Tool Group presently has an average rating of “Moderate Buy” and a consensus target price of $50.50.

Enerpac Tool Group Stock Performance

Shares of NYSE:EPAC opened at $42.37 on Monday. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 25.99 and a beta of 1.15. Enerpac Tool Group has a 52 week low of $36.51 and a 52 week high of $51.91. 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 firm has a 50 day moving average of $40.10 and a 200 day moving average of $41.77.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share (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 the consensus estimate 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 firm posted $0.47 earnings per share. On average, sell-side analysts predict that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, October 7th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Enerpac Tool Group’s payout ratio is 2.45%.

Insider Buying and Selling at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the company’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Enerpac Tool Group

Several hedge funds have recently added to or reduced their stakes in the business. Squarepoint Ops LLC purchased a new stake in Enerpac Tool Group in the second quarter valued at $883,000. State of Wyoming boosted its holdings in Enerpac Tool Group by 95.4% in the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after purchasing an additional 1,315 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in Enerpac Tool Group by 6.9% in the second quarter. Public Sector Pension Investment Board now owns 184,366 shares of the company’s stock valued at $7,478,000 after purchasing an additional 11,833 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Enerpac Tool Group by 219.0% in the second quarter. Tower Research Capital LLC TRC now owns 7,033 shares of the company’s stock valued at $285,000 after purchasing an additional 4,828 shares during the last quarter. Finally, State of Tennessee Department of Treasury boosted its holdings in Enerpac Tool Group by 2.4% in the second quarter. State of Tennessee Department of Treasury now owns 25,022 shares of the company’s stock valued at $1,015,000 after purchasing an additional 578 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other 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.