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

Enerpac Tool Group Corp. (NYSE:EPAC) was the recipient of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 1,090,000 shares, a growth of 20.4% from the February 13th total of 905,600 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 348,400 shares, the days-to-cover ratio is currently 3.1 days.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Enerpac Tool Group

Several institutional investors and hedge funds have recently made changes to their positions in EPAC. Assetmark Inc. acquired a new stake in Enerpac Tool Group during the fourth quarter worth approximately $29,000. Quarry LP grew 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 purchasing an additional 436 shares during the period. First Horizon Advisors Inc. acquired a new stake in Enerpac Tool Group during the fourth quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Enerpac Tool Group during the third quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC acquired a new stake in Enerpac Tool Group during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 1.2 %

Shares of EPAC stock traded up $0.54 on Wednesday, hitting $43.56. The company had a trading volume of 538,805 shares, compared to its average volume of 315,523. The firm has a market cap of $2.37 billion, a P/E ratio of 26.56 and a beta of 1.18. The stock’s 50-day moving average is $44.59 and its two-hundred day moving average is $44.46. 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 has a twelve month low of $32.28 and a twelve month high of $51.91.

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

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.