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

Enerpac Tool Group (NYSE:EPAC) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They issued an “outperform” rating and a $53.00 target price for the company.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock opened at $42.22 on Friday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 25.74 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The stock has a 50 day moving average price of $41.91 and a 200-day moving average price of $43.93. Enerpac Tool Group has a one year low of $35.18 and a one year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The company had revenue of $145.53 million during the quarter, compared to analysts’ expectations of $139.80 million. Equities analysts expect that Enerpac Tool Group will post 1.78 EPS for the current year.

Hedge Funds Weigh In On Enerpac Tool Group

A number of institutional investors and hedge funds have recently bought and sold shares of EPAC. Assetmark Inc. increased its holdings in shares of Enerpac Tool Group by 41.0% during the 1st quarter. Assetmark Inc. now owns 980 shares of the company’s stock worth $44,000 after buying an additional 285 shares during the last quarter. Bank of Montreal Can lifted its holdings in Enerpac Tool Group by 2.8% in the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock valued at $468,000 after acquiring an additional 314 shares during the last quarter. MainStreet Investment Advisors LLC lifted its holdings in Enerpac Tool Group by 5.5% in the first quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company’s stock valued at $305,000 after acquiring an additional 355 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Enerpac Tool Group by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company’s stock valued at $234,000 after purchasing an additional 361 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Enerpac Tool Group by 16.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company’s stock valued at $120,000 after purchasing an additional 418 shares during the last quarter. 97.70% of the stock is currently 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.