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

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

A number of other research analysts have also recently commented on EPAC. Roth Capital set a $51.00 target price on shares of Enerpac Tool Group and gave the stock 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 research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Enerpac Tool Group presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Get Our Latest Analysis on Enerpac Tool Group

Enerpac Tool Group Stock Up 3.7%

Shares of NYSE EPAC opened at $37.13 on Friday. The stock has a fifty day moving average price of $39.48 and a 200 day moving average price of $40.35. The company has a current ratio of 2.83, a quick ratio of 2.17 and a debt-to-equity ratio of 0.42. Enerpac Tool Group has a 12-month low of $35.01 and a 12-month high of $47.47. The company has a market cap of $1.97 billion, a P/E ratio of 22.23 and a beta of 1.00.

Enerpac Tool Group (NYSE:EPACGet Free Report) last issued its earnings results on Wednesday, December 17th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $144.21 million during 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 in the previous year, the company earned $0.40 EPS. Research 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 other news, CEO Paul Sternlieb sold 2,700 shares of the company’s stock in a transaction dated 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 owned 328,342 shares in the company, valued at approximately $14,447,048. This represents a 0.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in EPAC. Tudor Investment Corp ET AL lifted its stake in Enerpac Tool Group by 58.0% during the third quarter. Tudor Investment Corp ET AL now owns 167,029 shares of the company’s stock worth $6,848,000 after purchasing an additional 61,337 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in Enerpac Tool Group during the third quarter worth about $237,000. Danske Bank A S acquired a new position in Enerpac Tool Group in the third quarter valued at approximately $45,000. Advisory Services Network LLC acquired a new position in Enerpac Tool Group in the third quarter valued at approximately $61,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Enerpac Tool Group by 2.9% during the third quarter. CANADA LIFE ASSURANCE Co now owns 45,960 shares of the company’s stock valued at $1,862,000 after purchasing an additional 1,303 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key Headlines Impacting Enerpac Tool Group

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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