Enerpac Tool Group (NYSE:EPAC) Rating Lowered to “Hold” at Wall Street Zen

Enerpac Tool Group (NYSE:EPACGet Free Report) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Several other analysts also recently issued reports on EPAC. Roth Capital set a $51.00 price objective on Enerpac Tool Group and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday. Finally, Zacks Research raised shares of Enerpac Tool Group to a “hold” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Read Our Latest Research Report on Enerpac Tool Group

Enerpac Tool Group Stock Up 3.7%

Shares of NYSE EPAC opened at $37.13 on Friday. The firm’s 50-day moving average is $39.48 and its two-hundred day moving average is $40.35. The company has a market capitalization of $1.97 billion, a PE ratio of 22.23 and a beta of 1.00. Enerpac Tool Group has a 12-month low of $35.01 and a 12-month high of $47.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.83 and a quick ratio of 2.17.

Enerpac Tool Group (NYSE:EPACGet Free Report) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The business had revenue of $144.21 million for the quarter, compared to analysts’ expectations of $146.45 million. Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.During the same period last year, the business earned $0.40 earnings per share. Equities analysts anticipate that Enerpac Tool Group will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling at Enerpac Tool Group

In related news, CEO Paul Sternlieb sold 2,700 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $44.00, for a total value of $118,800.00. Following the sale, the chief executive officer directly owned 328,342 shares of the company’s stock, valued at approximately $14,447,048. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Enerpac Tool Group

A number of large investors have recently bought and sold shares of EPAC. Fifth Third Bancorp grew its stake in shares of Enerpac Tool Group by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after buying an additional 479 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Enerpac Tool Group in the second quarter valued at $42,000. Danske Bank A S purchased a new stake in Enerpac Tool Group during the third quarter valued at about $45,000. Russell Investments Group Ltd. increased its stake in Enerpac Tool Group by 1,556.2% during the first quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company’s stock worth $54,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Enerpac Tool Group in the 3rd quarter worth about $61,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Enerpac Tool Group News

Here are the key news stories impacting Enerpac Tool Group this week:

Enerpac Tool Group Company Profile

(Get Free Report)

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.

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