Strs Ohio Invests $915,000 in Enerpac Tool Group Corp. $EPAC

Strs Ohio purchased a new stake in Enerpac Tool Group Corp. (NYSE:EPAC) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,400 shares of the company’s stock, valued at approximately $915,000.

A number of other institutional investors and hedge funds have also bought and sold shares of EPAC. Assetmark Inc. raised its position in 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 last quarter. Russell Investments Group Ltd. raised its position in Enerpac Tool Group by 1,556.2% in the 1st quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company’s stock valued at $54,000 after buying an additional 1,136 shares during the last quarter. Whittier Trust Co. raised its position in Enerpac Tool Group by 361.9% in the 1st quarter. Whittier Trust Co. now owns 1,663 shares of the company’s stock valued at $75,000 after buying an additional 1,303 shares during the last quarter. Quarry LP raised its position in Enerpac Tool Group by 1,109.6% in the 1st quarter. Quarry LP now owns 2,141 shares of the company’s stock valued at $96,000 after buying an additional 1,964 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in Enerpac Tool Group in the 4th quarter valued at $99,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $42.80 on Friday. The company has a market cap of $2.31 billion, a PE ratio of 26.26 and a beta of 1.15. 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 50-day moving average price of $40.66 and a 200-day moving average price of $41.64. 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 results on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company posted $0.47 EPS. As a group, equities analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share 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 given 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 payout ratio is presently 2.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on EPAC shares. Roth Capital started coverage on Enerpac Tool Group in a research report on Friday, September 5th. They issued a “buy” rating and a $48.00 price target for the company. Wall Street Zen lowered Enerpac Tool Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 26th. Finally, Zacks Research raised Enerpac Tool Group to a “hold” rating in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.50.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of Enerpac Tool Group 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 transaction, the director directly owned 94,136 shares of the company’s stock, valued at $3,858,634.64. The trade was a 4.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

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.