American Century Companies Inc. Purchases 8,592 Shares of Enerpac Tool Group Corp. $EPAC

Key Points

• American Century Companies Inc. increased its stake in Enerpac Tool Group by 7.3%, owning approximately 0.23% of the company, valued at $5.68 million.
• Enerpac Tool Group reported $0.51 earnings per share for the last quarter, exceeding analysts' expectations of $0.47.
• The company has announced a quarterly dividend of $0.04, with an ex-dividend date on October 7th, representing a yield of 0.4%.

American Century Companies Inc. lifted its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 7.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,523 shares of the company's stock after purchasing an additional 8,592 shares during the quarter. American Century Companies Inc. owned about 0.23% of Enerpac Tool Group worth $5,676,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Assetmark Inc. grew its stake in shares of Enerpac Tool Group by 41.0% in the 1st quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after buying an additional 285 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of 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 worth $54,000 after acquiring an additional 1,136 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Enerpac Tool Group by 361.9% in the 1st quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock worth $75,000 after acquiring an additional 1,303 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth about $99,000. Finally, Benjamin Edwards Inc. bought a new stake in shares of Enerpac Tool Group in the 1st quarter worth about $203,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 4,224 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $40.99, for a total value of $173,141.76. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company's stock.

Enerpac Tool Group Trading Down 1.3%

EPAC traded down $0.54 on Monday, reaching $42.34. 257,569 shares of the company traded hands, compared to its average volume of 356,815. Enerpac Tool Group Corp. has a one year low of $36.51 and a one year high of $51.91. The firm has a fifty day simple moving average of $40.03 and a two-hundred day simple moving average of $41.94. The company has a market cap of $2.29 billion, a P/E ratio of 25.97 and a beta of 1.15. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly 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. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The business had revenue of $158.66 million during the quarter, compared to analyst estimates of $159.35 million. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, October 7th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Enerpac Tool Group's payout ratio is currently 2.45%.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $53.00.

Enerpac Tool Group Company 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.