Enerpac Tool Group Corp. (NYSE:EPAC) Stock Holdings Decreased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 12.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,078 shares of the company’s stock after selling 2,104 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Enerpac Tool Group were worth $676,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. grew its position in Enerpac Tool Group by 41.0% in the first quarter. Assetmark Inc. now owns 980 shares of the company’s stock worth $44,000 after acquiring an additional 285 shares in the last quarter. Bank of Montreal Can grew its position in Enerpac Tool Group by 2.8% in the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company’s stock worth $468,000 after acquiring an additional 314 shares in the last quarter. MainStreet Investment Advisors LLC grew its position in Enerpac Tool Group by 5.5% in the first quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company’s stock worth $305,000 after acquiring an additional 355 shares in the last quarter. Summit Investment Advisors Inc. grew its position in Enerpac Tool Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company’s stock worth $234,000 after acquiring an additional 361 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Enerpac Tool Group by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company’s stock worth $307,000 after acquiring an additional 440 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock opened at $40.17 on Thursday. The firm has a fifty day simple moving average of $40.20 and a 200-day simple moving average of $42.31. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 1-year low of $36.51 and a 1-year high of $51.91. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 24.64 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The business had revenue of $158.66 million during the quarter, compared to analysts’ expectations of $159.35 million. During the same period in the previous year, the company earned $0.47 earnings per share. On average, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group Dividend Announcement

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

Analysts Set New Price Targets

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

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.