Enerpac Tool Group (NYSE:EPAC) Now Covered by CJS Securities

CJS Securities initiated coverage on shares of Enerpac Tool Group (NYSE:EPAC) in a report released on Friday,Benzinga reports. The firm set an “outperform” rating and a $53.00 price target on the stock. CJS Securities’ price objective points to a potential upside of 21.25% from the stock’s previous close.

Enerpac Tool Group Stock Performance

NYSE:EPAC traded up $1.17 during trading hours on Friday, reaching $43.71. The company had a trading volume of 81,419 shares, compared to its average volume of 317,905. The firm’s 50 day moving average price is $44.43 and its 200-day moving average price is $44.35. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 26.65 and a beta of 1.18. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group has a 52 week low of $32.28 and a 52 week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results 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 net margin of 15.14% and a return on equity of 25.39%. On average, analysts forecast that Enerpac Tool Group will post 1.78 EPS for the current year.

Institutional Investors Weigh In On Enerpac Tool Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in shares of Enerpac Tool Group by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 277,494 shares of the company’s stock worth $11,624,000 after purchasing an additional 7,845 shares during the period. Victory Capital Management Inc. grew its holdings in Enerpac Tool Group by 8.7% in the third quarter. Victory Capital Management Inc. now owns 25,219 shares of the company’s stock worth $1,056,000 after purchasing an additional 2,026 shares during the last quarter. Chesapeake Capital Corp IL increased its position in Enerpac Tool Group by 28.6% during the 3rd quarter. Chesapeake Capital Corp IL now owns 11,963 shares of the company’s stock valued at $501,000 after buying an additional 2,664 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Enerpac Tool Group in the 3rd quarter valued at approximately $1,312,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Enerpac Tool Group during the third quarter worth $442,000. 97.70% of the stock is owned by institutional investors.

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.