Universal Beteiligungs und Servicegesellschaft mbH Acquires New Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 13,900 shares of Enerpac Tool Group Corp., valued at approximately $624,000, further increasing interest from institutional investors.
• The company reported an earnings per share (EPS) of $0.51 for the latest quarter, exceeding analysts' estimates by $0.04, although revenue slightly missed expectations.
• Enerpac Tool Group has announced a quarterly dividend of $0.04 per share, to be paid on October 17, with a dividend yield of 0.4%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,900 shares of the company's stock, valued at approximately $624,000.

A number of other large investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in shares of Enerpac Tool Group by 1,931.9% in the 4th quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock worth $16,817,000 after purchasing an additional 389,121 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Enerpac Tool Group by 230.6% in the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock valued at $21,996,000 after acquiring an additional 373,372 shares in the last quarter. GW&K Investment Management LLC increased its stake in Enerpac Tool Group by 45.6% in the 1st quarter. GW&K Investment Management LLC now owns 759,566 shares of the company's stock valued at $34,074,000 after buying an additional 237,763 shares during the period. Cerity Partners LLC acquired a new position in Enerpac Tool Group during the fourth quarter worth $8,338,000. Finally, Grandeur Peak Global Advisors LLC grew its holdings in Enerpac Tool Group by 1,197.5% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company's stock valued at $8,563,000 after purchasing an additional 192,325 shares during the period. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Stock Performance

NYSE:EPAC traded up $0.30 during mid-day trading on Wednesday, hitting $40.09. 177,096 shares of the stock were exchanged, compared to its average volume of 349,582. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 24.59 and a beta of 1.16. The firm's 50-day simple moving average is $40.25 and its 200 day simple moving average is $42.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. Enerpac Tool Group Corp. has a fifty-two week low of $36.51 and a fifty-two week high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data 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 business had revenue of $158.66 million during the quarter, compared to analysts' expectations of $159.35 million. During the same quarter last year, the business posted $0.47 EPS. As a group, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The business also recently disclosed 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 is currently 2.45%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th.

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.