Enerpac Tool Group Corp. $EPAC Holdings Lifted by Kayne Anderson Rudnick Investment Management LLC

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Enerpac Tool Group Corp. by 2.3%, now owning approximately 9.42% of the company with a valuation of about $228.5 million.
• Enerpac Tool Group recently reported a quarterly EPS of $0.51, exceeding the consensus estimate, while also announcing a quarterly dividend of $0.04 per share.
• Analyst ratings indicate a shift for Enerpac, as Wall Street Zen downgraded the stock from a "strong-buy" to a "buy" rating, though it still maintains a consensus rating of "buy" overall.

Kayne Anderson Rudnick Investment Management LLC boosted its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 2.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,094,430 shares of the company's stock after buying an additional 113,524 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 9.42% of Enerpac Tool Group worth $228,536,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Enerpac Tool Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 296,448 shares of the company's stock worth $13,299,000 after buying an additional 9,177 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Enerpac Tool Group by 14.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company's stock valued at $316,000 after purchasing an additional 917 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Enerpac Tool Group by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock valued at $307,000 after purchasing an additional 440 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Enerpac Tool Group in the 1st quarter valued at about $12,804,000. Finally, SG Americas Securities LLC raised its stake in shares of Enerpac Tool Group by 332.7% in the 1st quarter. SG Americas Securities LLC now owns 10,834 shares of the company's stock valued at $486,000 after purchasing an additional 8,330 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the company'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 transaction, the director owned 94,136 shares in the company, valued at approximately $3,858,634.64. This represents a 4.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company's stock.

Enerpac Tool Group Stock Performance

Shares of NYSE:EPAC traded down $0.43 during trading on Friday, reaching $42.45. 49,741 shares of the company's stock traded hands, compared to its average volume of 349,902. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a 12 month low of $36.51 and a 12 month high of $51.91. The company has a 50 day moving average of $40.02 and a 200-day moving average of $42.01. The stock has a market capitalization of $2.30 billion, a P/E ratio of 26.04 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, beating 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 business had revenue of $158.66 million during the quarter, compared to the consensus estimate of $159.35 million. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, equities analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Announces Dividend

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

Wall Street Analyst Weigh In

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