Nuveen LLC Buys Shares of 285,431 Enerpac Tool Group Corp. $EPAC

Key Points

• Nuveen LLC has acquired a new stake in Enerpac Tool Group Corp., purchasing 285,431 shares valued at approximately $12.8 million during the 1st quarter.
• Institutional investors collectively own 97.70% of Enerpac Tool Group's stock, with several firms significantly increasing their stakes in the company over the past quarters.
• Enerpac Tool Group recently declared a quarterly dividend of $0.04 per share, reflecting a 0.4% dividend yield and a payout ratio of 2.45%.

Nuveen LLC purchased a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 285,431 shares of the company's stock, valued at approximately $12,804,000. Nuveen LLC owned 0.53% of Enerpac Tool Group at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Assetmark Inc. grew its holdings in Enerpac Tool Group by 41.0% in the first quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after purchasing an additional 285 shares during the period. Whittier Trust Co. grew its holdings in Enerpac Tool Group by 361.9% in the first quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock worth $75,000 after purchasing an additional 1,303 shares during the period. Heck Capital Advisors LLC acquired a new stake in Enerpac Tool Group in the fourth quarter worth $99,000. State of Wyoming acquired a new stake in Enerpac Tool Group in the fourth quarter worth $201,000. Finally, Benjamin Edwards Inc. acquired a new stake in Enerpac Tool Group in the first quarter worth $203,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Down 0.3%

Enerpac Tool Group stock traded down $0.13 during midday trading on Wednesday, hitting $42.81. 208,031 shares of the stock were exchanged, compared to its average volume of 383,516. 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 capitalization of $2.32 billion, a price-to-earnings ratio of 26.26 and a beta of 1.16. The business's 50-day moving average price is $40.00 and its 200-day moving average price is $42.03. 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 released its quarterly earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $159.35 million. During the same period in the previous year, the company earned $0.47 earnings per share. On average, research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Dividend Announcement

The business also recently announced 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. 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 payout ratio is presently 2.45%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other Enerpac Tool Group 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 transaction, the director directly owned 94,136 shares in the company, valued at $3,858,634.64. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

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.