Assetmark Inc. Purchases 285 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Assetmark Inc. lifted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 41.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 980 shares of the company’s stock after acquiring an additional 285 shares during the period. Assetmark Inc.’s holdings in Enerpac Tool Group were worth $44,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Wells Fargo & Company MN grew its stake in shares of Enerpac Tool Group by 1,931.9% during the fourth quarter. Wells Fargo & Company MN now owns 409,263 shares of the company’s stock valued at $16,817,000 after buying an additional 389,121 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Enerpac Tool Group by 230.6% in the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company’s stock worth $21,996,000 after purchasing an additional 373,372 shares in the last quarter. GW&K Investment Management LLC grew its stake 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 purchasing an additional 237,763 shares in the last quarter. Cerity Partners LLC bought a new position in Enerpac Tool Group in the fourth quarter worth approximately $8,338,000. Finally, Grandeur Peak Global Advisors LLC grew its stake in Enerpac Tool Group by 1,197.5% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company’s stock worth $8,563,000 after purchasing an additional 192,325 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Enerpac Tool Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th.

Enerpac Tool Group Stock Up 2.2%

Shares of NYSE EPAC opened at $38.32 on Tuesday. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.07 billion, a PE ratio of 23.51 and a beta of 1.16. The stock’s fifty day simple moving average is $40.33 and its two-hundred day simple moving average is $42.34. Enerpac Tool Group Corp. has a 12-month low of $36.51 and a 12-month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%. The firm had revenue of $158.66 million during the quarter, compared to analyst estimates of $159.35 million. During the same quarter in the prior year, the business posted $0.47 EPS. As a group, analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, October 7th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Enerpac Tool Group’s dividend payout ratio (DPR) is 2.45%.

Enerpac Tool Group 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.