State of Alaska Department of Revenue Grows Stock Holdings in Enerpac Tool Group Corp. $EPAC

State of Alaska Department of Revenue boosted its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,183 shares of the company’s stock after purchasing an additional 2,040 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of Enerpac Tool Group worth $1,304,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EPAC. Principal Financial Group Inc. raised its stake in shares of Enerpac Tool Group by 3.2% in the first quarter. Principal Financial Group Inc. now owns 296,448 shares of the company’s stock valued at $13,299,000 after acquiring an additional 9,177 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Enerpac Tool Group by 14.9% in the first quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company’s stock valued at $316,000 after acquiring an additional 917 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of 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 valued at $307,000 after acquiring an additional 440 shares during the period. Nuveen LLC purchased a new stake in shares of Enerpac Tool Group in the first quarter valued at $12,804,000. Finally, SG Americas Securities LLC raised its stake in shares of Enerpac Tool Group by 332.7% in the first quarter. SG Americas Securities LLC now owns 10,834 shares of the company’s stock valued at $486,000 after acquiring an additional 8,330 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.2%

NYSE EPAC opened at $41.33 on Friday. The company’s 50-day moving average price is $41.34 and its 200-day moving average price is $41.36. 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 market cap of $2.24 billion, a PE ratio of 25.36 and a beta of 1.12. Enerpac Tool Group Corp. has a 12 month low of $36.51 and a 12 month high of $51.91.

Enerpac Tool Group Dividend Announcement

The firm also recently announced 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. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, October 7th. Enerpac Tool Group’s dividend payout ratio is presently 2.45%.

Insider Transactions at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $40.99, for a total transaction of $173,141.76. Following the transaction, the director directly owned 94,136 shares in the company, valued at $3,858,634.64. This represents a 4.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

EPAC has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Enerpac Tool Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Enerpac Tool Group in a research note on Saturday, September 27th. Roth Capital initiated coverage on shares of Enerpac Tool Group in a research note on Friday, September 5th. They issued a “buy” rating and a $48.00 target price on the stock. Finally, Zacks Research raised shares of Enerpac Tool Group to a “hold” rating in a research note on Monday, September 8th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Enerpac Tool Group presently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

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.