Goldman Sachs Group Inc. Sells 61,377 Shares of Enerpac Tool Group Corp. $EPAC

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. trimmed its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 25.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,984 shares of the company's stock after selling 61,377 shares during the quarter. Goldman Sachs Group Inc. owned 0.33% of Enerpac Tool Group worth $8,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Assetmark Inc. boosted its position in shares of Enerpac Tool Group by 41.0% in the first quarter. Assetmark Inc. now owns 980 shares of the company's stock valued at $44,000 after acquiring an additional 285 shares during the period. MainStreet Investment Advisors LLC lifted its position in Enerpac Tool Group by 5.5% in the first quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company's stock worth $305,000 after purchasing an additional 355 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in 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 worth $307,000 after purchasing an additional 440 shares during the period. Moody National Bank Trust Division lifted its position in Enerpac Tool Group by 4.8% in the first quarter. Moody National Bank Trust Division now owns 10,967 shares of the company's stock worth $492,000 after purchasing an additional 506 shares during the period. Finally, Two Sigma Advisers LP lifted its position in Enerpac Tool Group by 8.0% in the fourth quarter. Two Sigma Advisers LP now owns 8,100 shares of the company's stock worth $333,000 after purchasing an additional 600 shares during the period. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Stock Performance

Shares of NYSE:EPAC opened at $42.65 on Friday. Enerpac Tool Group Corp. has a twelve month low of $36.51 and a twelve month high of $51.91. The firm has a market cap of $2.31 billion, a PE ratio of 26.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.24 and a current ratio of 2.90. The business has a fifty day moving average of $40.30 and a 200-day moving average of $41.70.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $158.66 million during the quarter, compared to analyst estimates 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 company earned $0.47 earnings per share. On average, equities research analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, October 7th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, October 7th. Enerpac Tool Group's dividend payout ratio (DPR) 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 firm's 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 transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research raised Enerpac Tool Group to a "hold" rating in a research report on Monday, September 8th. Roth Capital assumed coverage on Enerpac Tool Group in a research report on Friday, September 5th. They issued a "buy" rating and a $48.00 target price for the company. Finally, Wall Street Zen cut 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $50.50.

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.

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