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

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

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC traded up $0.54 during trading on Wednesday, reaching $43.56. 538,805 shares of the company traded hands, compared to its average volume of 315,523. The company’s 50 day moving average is $44.59 and its two-hundred day moving average is $44.46. The firm has a market capitalization of $2.37 billion, a PE ratio of 26.56 and a beta of 1.18. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group has a 52 week low of $32.28 and a 52 week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data 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 return on equity of 25.39% and a net margin of 15.14%. As a group, sell-side analysts predict that Enerpac Tool Group will post 1.78 earnings per share for the current year.

Institutional Trading of Enerpac Tool Group

Institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. bought a new stake in shares of Enerpac Tool Group during the 4th quarter worth $29,000. Quarry LP raised its position in Enerpac Tool Group by 110.7% in the third quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after purchasing an additional 436 shares during the last quarter. First Horizon Advisors Inc. bought a new position in Enerpac Tool Group in the fourth quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Enerpac Tool Group in the third quarter valued at about $42,000. Finally, Venturi Wealth Management LLC bought a new position in Enerpac Tool Group in the fourth quarter valued at about $51,000. 97.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

About Enerpac Tool Group

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.