Enerpac Tool Group (NYSE:EPAC) Stock Price Up 4.7% – What’s Next?

Shares of Enerpac Tool Group Corp. (NYSE:EPAC) traded up 4.7% on Tuesday . The company traded as high as $46.67 and last traded at $45.44. 56,106 shares traded hands during mid-day trading, a decline of 82% from the average session volume of 312,113 shares. The stock had previously closed at $43.38.

Analyst Upgrades and Downgrades

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

Enerpac Tool Group Stock Performance

The firm’s 50 day simple moving average is $44.90 and its 200 day simple moving average is $44.61. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 27.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92.

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

Institutional Trading of Enerpac Tool Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. SkyView Investment Advisors LLC boosted its position in Enerpac Tool Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company’s stock worth $713,000 after purchasing an additional 276 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of Enerpac Tool Group by 2.8% in the 4th quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock valued at $468,000 after purchasing an additional 314 shares during the period. Summit Investment Advisors Inc. grew its position in Enerpac Tool Group by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company’s stock valued at $234,000 after buying an additional 361 shares during the period. CIBC Private Wealth Group LLC increased its holdings in Enerpac Tool Group by 16.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company’s stock valued at $120,000 after buying an additional 418 shares in the last quarter. Finally, Quarry LP raised its position in shares of Enerpac Tool Group by 110.7% in the third quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after acquiring an additional 436 shares during the period. 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.