8,031 Shares in Enerpac Tool Group Corp. $EPAC Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC has acquired 8,031 shares of Enerpac Tool Group Corp. for approximately $326,000, marking a new investment in the company during the second quarter.
• The company's stock recently received mixed ratings from analysts, with Roth Capital setting a $48.00 price target while Wall Street Zen downgraded it from "strong buy" to "buy".
• Enerpac Tool Group announced a quarterly dividend of $0.04 per share, set to be paid on October 17th, reflecting a yield of 0.4% on an annualized basis.

Counterpoint Mutual Funds LLC bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,031 shares of the company's stock, valued at approximately $326,000.

Several other large investors have also bought and sold shares of the stock. Diversified Trust Co raised its position in Enerpac Tool Group by 16.3% during the 2nd quarter. Diversified Trust Co now owns 17,125 shares of the company's stock worth $695,000 after purchasing an additional 2,400 shares during the last quarter. Moody National Bank Trust Division raised its position in Enerpac Tool Group by 3.8% during the 2nd quarter. Moody National Bank Trust Division now owns 11,379 shares of the company's stock worth $462,000 after purchasing an additional 412 shares during the last quarter. Swedbank AB raised its position in Enerpac Tool Group by 300.0% during the 1st quarter. Swedbank AB now owns 200,000 shares of the company's stock worth $8,972,000 after purchasing an additional 150,000 shares during the last quarter. Rhumbline Advisers raised its position in Enerpac Tool Group by 1.0% during the 1st quarter. Rhumbline Advisers now owns 152,454 shares of the company's stock worth $6,839,000 after purchasing an additional 1,484 shares during the last quarter. Finally, Strs Ohio bought a new position in Enerpac Tool Group during the 1st quarter worth $915,000. 97.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EPAC has been the subject of several analyst reports. Wall Street Zen lowered Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Zacks Research upgraded Enerpac Tool Group to a "hold" rating in a report on Monday, September 8th. Finally, Roth Capital started coverage on Enerpac Tool Group in a report on Friday, September 5th. They set a "buy" rating and a $48.00 price target for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock opened at $40.43 on Thursday. 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 business has a 50-day moving average price of $40.94 and a two-hundred day moving average price of $41.54. Enerpac Tool Group Corp. has a 1-year low of $36.51 and a 1-year high of $51.91. The company has a market cap of $2.19 billion, a P/E ratio of 24.80 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The company 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 business posted $0.47 EPS. As a group, analysts anticipate that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.04 per share. 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 2.45%.

Insider Transactions at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of Enerpac Tool Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total transaction of $173,141.76. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.

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