Enerpac Tool Group (NYSE:EPAC) Raised to Buy at Wall Street Zen

Enerpac Tool Group (NYSE:EPAC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Friday.

Separately, CJS Securities started coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They issued an “outperform” rating and a $53.00 target price on the stock.

Enerpac Tool Group Stock Down 5.9%

EPAC stock opened at $41.53 on Friday. The company has a current ratio of 3.06, a quick ratio of 2.36 and a debt-to-equity ratio of 0.46. Enerpac Tool Group has a twelve month low of $36.78 and a twelve month high of $51.91. The company’s 50 day moving average is $42.55 and its two-hundred day moving average is $43.25. The stock has a market cap of $2.25 billion, a P/E ratio of 25.48 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.64%. The company had revenue of $158.66 million for the quarter, compared to analysts’ expectations of $159.35 million. During the same quarter last year, the company earned $0.47 earnings per share. Research analysts expect that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerpac Tool Group

A number of institutional investors have recently modified their holdings of EPAC. Assetmark Inc. acquired a new position in shares of Enerpac Tool Group in the 4th quarter valued at $29,000. First Horizon Advisors Inc. acquired a new position in shares of Enerpac Tool Group in the 4th quarter valued at $36,000. Russell Investments Group Ltd. increased its holdings in shares of Enerpac Tool Group by 1,556.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company’s stock valued at $54,000 after acquiring an additional 1,136 shares during the period. Whittier Trust Co. increased its holdings in shares of Enerpac Tool Group by 361.9% in the 1st quarter. Whittier Trust Co. now owns 1,663 shares of the company’s stock valued at $75,000 after acquiring an additional 1,303 shares during the period. Finally, Quarry LP increased its holdings in shares of Enerpac Tool Group by 1,109.6% in the 1st quarter. Quarry LP now owns 2,141 shares of the company’s stock valued at $96,000 after acquiring an additional 1,964 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

About Enerpac Tool Group

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.