Enerpac Tool Group (NYSE:EPAC) Research Coverage Started at CJS Securities

CJS Securities initiated coverage on shares of Enerpac Tool Group (NYSE:EPAC) in a research note issued to investors on Friday,Benzinga reports. The brokerage issued an outperform rating and a $53.00 price objective on the stock.

Enerpac Tool Group Stock Up 3.6 %

EPAC stock opened at $44.06 on Friday. Enerpac Tool Group has a twelve month low of $32.28 and a twelve month high of $51.91. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. The company has a market cap of $2.40 billion, a PE ratio of 26.87 and a beta of 1.18. The business’s 50-day simple moving average is $44.50 and its 200 day simple moving average is $44.43.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, research analysts anticipate that Enerpac Tool Group will post 1.78 earnings per share for the current year.

Institutional Investors Weigh In On Enerpac Tool Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. bought a new stake in Enerpac Tool Group in the fourth quarter valued at about $29,000. Quarry LP raised its position in shares of Enerpac Tool Group by 110.7% during the third quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after purchasing an additional 436 shares during the period. First Horizon Advisors Inc. bought a new position in shares of Enerpac Tool Group during the 4th quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Enerpac Tool Group in the 3rd quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC bought a new stake in Enerpac Tool Group during the 4th quarter worth approximately $51,000. 97.70% of the stock is owned by institutional investors and hedge funds.

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.