Swiss National Bank Cuts Stake in Enerpac Tool Group Corp. $EPAC

Swiss National Bank cut its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,400 shares of the company’s stock after selling 1,400 shares during the period. Swiss National Bank owned 0.19% of Enerpac Tool Group worth $4,728,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EPAC. Assetmark Inc. raised its position in shares of Enerpac Tool Group by 41.0% during the first quarter. Assetmark Inc. now owns 980 shares of the company’s stock valued at $44,000 after buying an additional 285 shares during the last quarter. Whittier Trust Co. grew its stake in Enerpac Tool Group by 361.9% during the first quarter. Whittier Trust Co. now owns 1,663 shares of the company’s stock valued at $75,000 after acquiring an additional 1,303 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in Enerpac Tool Group in the 4th quarter valued at $99,000. State of Wyoming purchased a new position in shares of Enerpac Tool Group during the fourth quarter valued at about $201,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Enerpac Tool Group in the fourth quarter worth about $210,000. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Price Performance

EPAC opened at $42.5890 on Wednesday. The business has a fifty day moving average of $39.96 and a 200 day moving average of $42.12. The stock has a market cap of $2.30 billion, a P/E ratio of 26.13 and a beta of 1.16. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 52-week low of $36.51 and a 52-week high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last released its 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. The business had revenue of $158.66 million during the quarter, compared to the consensus estimate of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%.During the same period last year, the company earned $0.47 earnings per share. As a group, sell-side analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Announces Dividend

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 4,224 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total value of $173,141.76. Following the completion of the sale, the director owned 94,136 shares in the company, valued at approximately $3,858,634.64. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.