Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. reduced its holdings in Enerpac Tool Group Corp. by 76.4%, selling 102,413 shares during the first quarter, now owning approximately 0.06% of the company.
• Enerpac Tool Group reported an earnings per share (EPS) of $0.51 for the last quarter, exceeding the consensus estimate by $0.04.
• The company announced a quarterly dividend of $0.04 per share, payable on October 17th, with an annualized yield of 0.4%.

Jupiter Asset Management Ltd. trimmed its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 76.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,639 shares of the company's stock after selling 102,413 shares during the period. Jupiter Asset Management Ltd. owned 0.06% of Enerpac Tool Group worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of EPAC. LPL Financial LLC acquired a new position in Enerpac Tool Group in the 4th quarter valued at about $216,000. JPMorgan Chase & Co. increased its position in Enerpac Tool Group by 77.5% in the 4th quarter. JPMorgan Chase & Co. now owns 214,276 shares of the company's stock valued at $8,805,000 after acquiring an additional 93,528 shares during the period. Norges Bank acquired a new position in Enerpac Tool Group in the 4th quarter valued at about $6,533,000. Pictet Asset Management Holding SA increased its position in Enerpac Tool Group by 26.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 8,449 shares of the company's stock worth $347,000 after purchasing an additional 1,774 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in Enerpac Tool Group by 16.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock worth $120,000 after purchasing an additional 418 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Performance

NYSE EPAC traded up $0.24 on Thursday, hitting $40.40. 352,176 shares of the company's stock were exchanged, compared to its average volume of 351,768. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The firm's 50-day moving average price is $40.20 and its two-hundred day moving average price is $42.31. Enerpac Tool Group Corp. has a fifty-two week low of $36.51 and a fifty-two week high of $51.91. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 24.78 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $158.66 million for 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 quarter in the previous year, the company earned $0.47 EPS. On average, research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, October 7th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Enerpac Tool Group's dividend payout ratio is presently 2.45%.

Wall Street Analyst Weigh In

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

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.