Enerpac Tool Group Corp. $EPAC Shares Sold by Deutsche Bank AG

Deutsche Bank AG cut its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 9.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,860 shares of the company’s stock after selling 4,708 shares during the period. Deutsche Bank AG owned approximately 0.08% of Enerpac Tool Group worth $1,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Assetmark Inc. boosted 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 worth $44,000 after buying an additional 285 shares during the period. MainStreet Investment Advisors LLC boosted its position in shares of Enerpac Tool Group by 5.5% during the first quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company’s stock worth $305,000 after buying an additional 355 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Enerpac Tool Group by 6.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company’s stock worth $307,000 after buying an additional 440 shares during the period. Moody National Bank Trust Division boosted its position in shares of Enerpac Tool Group by 4.8% during the first quarter. Moody National Bank Trust Division now owns 10,967 shares of the company’s stock worth $492,000 after buying an additional 506 shares during the period. Finally, Two Sigma Advisers LP boosted its position in shares of Enerpac Tool Group by 8.0% during the fourth quarter. Two Sigma Advisers LP now owns 8,100 shares of the company’s stock worth $333,000 after buying an additional 600 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the company’s stock in a transaction 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 transaction, the director owned 94,136 shares of the company’s stock, valued at approximately $3,858,634.64. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Enerpac Tool Group Stock Performance

EPAC opened at $41.8880 on Friday. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 25.70 and a beta of 1.16. 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 business has a 50 day moving average price of $39.92 and a two-hundred day moving average price of $42.09.

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 analysts’ consensus estimates of $0.47 by $0.04. The firm 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 in the prior year, the firm posted $0.47 earnings per share. Research analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

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

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.