Enerpac Tool Group Corp. (NYSE:EPAC) Short Interest Up 20.4% in February

Enerpac Tool Group Corp. (NYSE:EPAC) was the recipient of a large increase in short interest in the month of 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 volume of 348,400 shares, the short-interest ratio is presently 3.1 days. Currently, 2.0% of the company’s shares are short sold.

Institutional Trading of Enerpac Tool Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans increased its position in Enerpac Tool Group by 1,061.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company’s stock valued at $20,351,000 after purchasing an additional 452,641 shares during the period. Wells Fargo & Company MN grew its position in shares of Enerpac Tool Group by 1,931.9% in the 4th quarter. Wells Fargo & Company MN now owns 409,263 shares of the company’s stock worth $16,817,000 after buying an additional 389,121 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Enerpac Tool Group by 230.6% during the 4th quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company’s stock worth $21,996,000 after acquiring an additional 373,372 shares in the last quarter. State Street Corp lifted its position in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after acquiring an additional 336,323 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in Enerpac Tool Group during the fourth quarter valued at approximately $8,338,000. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a research report on Friday. They issued an “outperform” rating and a $53.00 price objective on the stock.

Enerpac Tool Group Trading Down 1.7 %

EPAC stock traded down $0.73 during midday trading on Tuesday, reaching $43.08. The company’s stock had a trading volume of 302,007 shares, compared to its average volume of 314,685. Enerpac Tool Group has a 1 year low of $32.28 and a 1 year high of $51.91. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 26.27 and a beta of 1.18. The stock has a fifty day simple moving average of $44.59 and a two-hundred day simple moving average of $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 (NYSE:EPAC) last announced its quarterly earnings data on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 predict that Enerpac Tool Group will post 1.78 EPS for the current year.

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.