Enerpac Tool Group Corp. $EPAC Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. sold 61,377 shares of Enerpac Tool Group Corp., reducing its holdings by 25.3%, now owning 180,984 shares valued at approximately $8.1 million.
• Enerpac Tool Group reported a quarterly EPS of $0.51, exceeding analysts' expectations of $0.47, with revenues slightly below forecasts at $158.66 million.
• The company announced a quarterly dividend of $0.04 per share, with an ex-dividend date set for October 7th, representing an annualized yield of 0.4%.

Goldman Sachs Group Inc. reduced its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 25.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,984 shares of the company's stock after selling 61,377 shares during the period. Goldman Sachs Group Inc. owned approximately 0.33% of Enerpac Tool Group worth $8,119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EPAC. BNP Paribas Financial Markets purchased a new position in Enerpac Tool Group in the 4th quarter valued at about $604,000. Captrust Financial Advisors lifted its position in shares of Enerpac Tool Group by 12.2% during the fourth quarter. Captrust Financial Advisors now owns 8,835 shares of the company's stock worth $363,000 after purchasing an additional 964 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Enerpac Tool Group by 45.8% during the fourth quarter. Deutsche Bank AG now owns 48,568 shares of the company's stock worth $1,996,000 after purchasing an additional 15,258 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Enerpac Tool Group by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,945 shares of the company's stock worth $1,272,000 after purchasing an additional 1,193 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Enerpac Tool Group during the fourth quarter worth about $210,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $40.99, for a total value of $173,141.76. Following the sale, the director owned 94,136 shares in the company, valued at approximately $3,858,634.64. This trade represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EPAC. Zacks Research raised shares of Enerpac Tool Group to a "hold" rating in a research report on Monday, September 8th. Roth Capital began coverage on shares of Enerpac Tool Group in a research report on Friday, September 5th. They set a "buy" rating and a $48.00 price target on the stock. Finally, Wall Street Zen cut shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.50.

Enerpac Tool Group Stock Performance

NYSE EPAC traded down $1.62 during trading hours on Friday, reaching $41.16. The company's stock had a trading volume of 208,360 shares, compared to its average volume of 352,557. 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 simple moving average of $40.66 and a 200 day simple moving average of $41.64. Enerpac Tool Group Corp. has a 52 week low of $36.51 and a 52 week high of $51.91. The stock has a market cap of $2.23 billion, a PE ratio of 25.25 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $158.66 million for the quarter, compared to analysts' expectations of $159.35 million. During the same quarter last year, the company posted $0.47 earnings per share. Equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Announces Dividend

The company 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 $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 dividend payout ratio (DPR) is presently 2.45%.

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.