PharVision Advisers LLC Acquires New Stake in Enerpac Tool Group Corp. $EPAC

Key Points

• PharVision Advisers LLC has acquired a new stake in Enerpac Tool Group Corp., purchasing 6,184 shares valued at approximately $277,000 during the first quarter.
• Several institutional investors, including Principal Financial Group Inc. and SG Americas Securities LLC, have increased their stakes in Enerpac Tool Group, indicating strong investor interest.
• Enerpac Tool Group announced a quarterly dividend of $0.04, which will be paid on October 17th, translating to an annualized dividend yield of 0.4%.

PharVision Advisers LLC acquired a new stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,184 shares of the company's stock, valued at approximately $277,000.

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

Insider Buying and Selling at Enerpac Tool Group

In related 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 completion of the transaction, the director owned 94,136 shares of the company's stock, valued at $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 SEC, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EPAC. Wall Street Zen lowered Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. Roth Capital began coverage on Enerpac Tool Group in a research note on Friday. They issued a "buy" rating and a $48.00 price target on the stock. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $50.50.

Enerpac Tool Group Price Performance

EPAC stock opened at $42.66 on Friday. 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 Corp. has a 52-week low of $36.51 and a 52-week high of $51.91. The stock's 50 day moving average is $39.95 and its two-hundred day moving average is $41.82. The company has a market capitalization of $2.31 billion, a PE ratio of 26.17 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results 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 return on equity of 24.04% and a net margin of 14.65%.The business had revenue of $158.66 million during the quarter, compared to the consensus estimate of $159.35 million. During the same period in the previous year, the business earned $0.47 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders 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 annualized dividend and a dividend yield of 0.4%. Enerpac Tool Group's dividend payout ratio is presently 2.45%.

Enerpac Tool Group 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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