Enerpac Tool Group Corp. $EPAC Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 0.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 624,014 shares of the company’s stock after selling 2,044 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.15% of Enerpac Tool Group worth $27,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of Enerpac Tool Group by 25.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,819 shares of the company’s stock valued at $306,000 after purchasing an additional 1,367 shares during the last quarter. Commerce Bank raised its holdings in shares of Enerpac Tool Group by 43.4% in the 1st quarter. Commerce Bank now owns 8,424 shares of the company’s stock valued at $378,000 after buying an additional 2,549 shares during the period. Natixis Advisors LLC raised its holdings in shares of Enerpac Tool Group by 23.5% in the 1st quarter. Natixis Advisors LLC now owns 19,743 shares of the company’s stock valued at $886,000 after buying an additional 3,762 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Enerpac Tool Group by 22.4% in the 1st quarter. Pacer Advisors Inc. now owns 5,621 shares of the company’s stock valued at $252,000 after buying an additional 1,028 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of Enerpac Tool Group by 41.0% in the 1st quarter. Assetmark Inc. now owns 980 shares of the company’s stock valued at $44,000 after buying an additional 285 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director E James Ferland, Jr. sold 4,224 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total value of $173,141.76. Following the transaction, the director owned 94,136 shares in the company, valued at approximately $3,858,634.64. This represents a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Enerpac Tool Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $53.00.

Enerpac Tool Group Price Performance

Shares of NYSE EPAC opened at $42.5890 on Wednesday. The stock’s 50-day moving average is $39.96 and its two-hundred day moving average is $42.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a 1-year low of $36.51 and a 1-year high of $51.91. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 26.13 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping 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 company had revenue of $158.66 million for the quarter, compared to the consensus estimate of $159.35 million. During the same quarter in the prior year, the business earned $0.47 EPS. Analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.04 per share. The ex-dividend date is Tuesday, October 7th. This represents a $0.16 annualized dividend and a yield of 0.4%. Enerpac Tool Group’s dividend payout ratio 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.