CJS Securities Begins Coverage on Enerpac Tool Group (NYSE:EPAC)

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

Enerpac Tool Group Trading Up 3.6 %

Shares of NYSE:EPAC opened at $44.06 on Friday. The company’s 50-day moving average price is $44.50 and its two-hundred day moving average price is $44.43. Enerpac Tool Group has a one year low of $32.28 and a one year high of $51.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The stock has a market capitalization of $2.40 billion, a PE ratio of 26.87 and a beta of 1.18.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share 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, equities analysts forecast that Enerpac Tool Group will post 1.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

A number of institutional investors have recently modified their holdings of the business. Assetmark Inc. bought a new position in shares of Enerpac Tool Group in the fourth quarter worth $29,000. Quarry LP boosted its position in shares of Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after acquiring an additional 436 shares in the last quarter. First Horizon Advisors Inc. bought a new position in Enerpac Tool Group in the fourth quarter valued at approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Enerpac Tool Group during the third quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC bought a new stake in Enerpac Tool Group during the fourth quarter worth $51,000. Institutional investors own 97.70% of the company’s stock.

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.