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

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

Enerpac Tool Group Stock Performance

Enerpac Tool Group stock opened at $44.06 on Friday. The firm has a market capitalization of $2.40 billion, a P/E ratio of 26.87 and a beta of 1.18. The stock has a fifty day moving average price of $44.50 and a 200 day moving average price of $44.38. Enerpac Tool Group has a 52 week low of $32.28 and a 52 week high of $51.91. 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 (NYSE:EPAC) last released its earnings results on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. Equities 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in Enerpac Tool Group during the fourth quarter worth about $29,000. Quarry LP increased its stake in 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 acquiring an additional 436 shares during the last quarter. First Horizon Advisors Inc. acquired a new stake in Enerpac Tool Group during the fourth quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Enerpac Tool Group during the third quarter worth about $42,000. Finally, Venturi Wealth Management LLC acquired a new stake in Enerpac Tool Group during the fourth quarter worth about $51,000. 97.70% of the stock is currently 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.