Enerpac Tool Group Corp. (NYSE:EPAC) Given Consensus Rating of “Hold” by Brokerages

Enerpac Tool Group Corp. (NYSE:EPAC) has earned an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $52.00.

Several research analysts have commented on EPAC shares. William Blair assumed coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They set a “market perform” rating for the company. Wall Street Zen cut Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of EPAC. AQR Capital Management LLC raised its stake in Enerpac Tool Group by 29.5% during the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company’s stock valued at $1,221,000 after purchasing an additional 6,203 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Enerpac Tool Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company’s stock worth $1,452,000 after buying an additional 1,425 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Enerpac Tool Group by 24.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company’s stock worth $9,743,000 after buying an additional 42,835 shares during the last quarter. Jane Street Group LLC raised its position in shares of Enerpac Tool Group by 32.8% during the 1st quarter. Jane Street Group LLC now owns 131,506 shares of the company’s stock valued at $5,899,000 after buying an additional 32,491 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Enerpac Tool Group in the 2nd quarter valued at about $202,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Down 4.9%

NYSE EPAC opened at $36.82 on Friday. Enerpac Tool Group has a 12 month low of $35.01 and a 12 month high of $47.27. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42. The stock has a market cap of $1.94 billion, a PE ratio of 22.05 and a beta of 0.96. The stock’s 50 day moving average is $40.82 and its 200 day moving average is $40.53.

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

Enerpac Tool Group Company Profile

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.