Enerpac Tool Group (NYSE:EPAC) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Enerpac Tool Group (NYSE:EPAC – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Enerpac Tool Group in a research note on Wednesday, October 8th. Roth Capital set a $51.00 target price on Enerpac Tool Group and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Zacks Research raised shares of Enerpac Tool Group to a “hold” rating in a research report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Enerpac Tool Group has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

Check Out Our Latest Report on EPAC

Enerpac Tool Group Trading Down 1.5%

NYSE EPAC opened at $41.82 on Friday. Enerpac Tool Group has a one year low of $36.51 and a one year high of $51.91. The company’s 50 day moving average price is $41.61 and its 200 day moving average price is $41.15. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 24.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.17 and a current ratio of 2.74.

Enerpac Tool Group (NYSE:EPAC – Get Free Report) last released its quarterly earnings data on Wednesday, October 15th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Enerpac Tool Group had a net margin of 15.03% and a return on equity of 23.54%. The company had revenue of $167.52 million during the quarter, compared to analyst estimates of $164.70 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. Enerpac Tool Group has set its FY 2026 guidance at 1.850-2.000 EPS. On average, sell-side analysts predict that Enerpac Tool Group will post 1.78 EPS for the current year.

Enerpac Tool Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Tuesday, October 7th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, October 7th. Enerpac Tool Group’s dividend payout ratio is 2.34%.

Insider Buying and Selling at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 4,224 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $40.99, for a total value of $173,141.76. Following the sale, the director directly owned 94,136 shares of the company’s stock, valued at $3,858,634.64. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Paul Sternlieb sold 2,700 shares of the business’s stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $44.00, for a total transaction of $118,800.00. Following the completion of the sale, the chief executive officer directly owned 328,342 shares of the company’s stock, valued at $14,447,048. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On Enerpac Tool Group

Hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in Enerpac Tool Group by 2.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,094,430 shares of the company’s stock valued at $228,536,000 after purchasing an additional 113,524 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of Enerpac Tool Group by 9.3% in the 2nd quarter. Champlain Investment Partners LLC now owns 1,548,073 shares of the company’s stock valued at $62,790,000 after buying an additional 131,580 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Enerpac Tool Group by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,289,990 shares of the company’s stock valued at $52,329,000 after buying an additional 5,314 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Enerpac Tool Group by 81.5% in the 1st quarter. Ameriprise Financial Inc. now owns 971,462 shares of the company’s stock valued at $43,580,000 after buying an additional 436,152 shares during the period. Finally, GW&K Investment Management LLC lifted its holdings in Enerpac Tool Group by 45.6% in the first quarter. GW&K Investment Management LLC now owns 759,566 shares of the company’s stock worth $34,074,000 after acquiring an additional 237,763 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Company Profile

(Get Free Report)

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.

Recommended Stories