Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Update

Enerpac Tool Group Corp. (NYSE:EPAC) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,029,279 shares, an increase of 23.4% from the February 26th total of 834,185 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average trading volume of 343,460 shares, the short-interest ratio is presently 3.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of EPAC. Fifth Third Bancorp raised its holdings in Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 479 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Enerpac Tool Group in the 2nd quarter valued at $42,000. Danske Bank A S bought a new stake in shares of Enerpac Tool Group in the 3rd quarter valued at $45,000. Kemnay Advisory Services Inc. bought a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $47,000. Finally, Advisory Services Network LLC acquired a new stake in Enerpac Tool Group during the 3rd quarter worth $61,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on EPAC shares. Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. William Blair initiated coverage on shares of Enerpac Tool Group in a research report on Friday, January 16th. They set a “market perform” rating for the company. Finally, Wall Street Zen raised shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Enerpac Tool Group has a consensus rating of “Hold” and an average price target of $51.00.

Enerpac Tool Group Trading Up 1.1%

Shares of Enerpac Tool Group stock traded up $0.40 during trading on Wednesday, reaching $36.87. 110,997 shares of the company were exchanged, compared to its average volume of 380,140. The business has a 50-day moving average price of $39.56 and a 200-day moving average price of $39.75. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 23.05 and a beta of 0.96. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. Enerpac Tool Group has a twelve month low of $33.66 and a twelve month high of $46.39.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $154.81 million for the quarter, compared to analyst estimates of $147.80 million. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The company’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Enerpac Tool Group will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Company Profile

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.