PharVision Advisers LLC Makes New $277,000 Investment 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 bought a new position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 6,184 shares of the company's stock, valued at approximately $277,000.

A number of other institutional investors have also added to or reduced their stakes in EPAC. Assetmark Inc. increased its holdings in Enerpac Tool Group by 41.0% during the first quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after buying an additional 285 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Enerpac Tool Group by 1,556.2% in the first quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company's stock valued at $54,000 after purchasing an additional 1,136 shares during the last quarter. Whittier Trust Co. increased its holdings in shares of Enerpac Tool Group by 361.9% in the first quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock valued at $75,000 after purchasing an additional 1,303 shares during the last quarter. Quarry LP increased its holdings in shares of Enerpac Tool Group by 1,109.6% in the first quarter. Quarry LP now owns 2,141 shares of the company's stock valued at $96,000 after purchasing an additional 1,964 shares during the last quarter. Finally, Heck Capital Advisors LLC acquired a new position in shares of Enerpac Tool Group in the fourth quarter valued at $99,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Zacks Research upgraded shares of Enerpac Tool Group to a "hold" rating in a report on Monday. Wall Street Zen downgraded shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Roth Capital assumed coverage on shares of Enerpac Tool Group in a report on Friday, September 5th. They issued a "buy" rating and a $48.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $50.50.

Enerpac Tool Group Stock Performance

Shares of EPAC stock traded down $0.75 on Friday, hitting $42.54. The company's stock had a trading volume of 47,169 shares, compared to its average volume of 351,066. 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 stock's 50 day moving average is $40.21 and its 200-day moving average is $41.75. Enerpac Tool Group Corp. has a fifty-two week low of $36.51 and a fifty-two week high of $51.91. The company has a market capitalization of $2.30 billion, a PE ratio of 26.10 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating 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 the consensus estimate of $159.35 million. During the same period in the prior year, the company posted $0.47 earnings per share. Equities research analysts expect 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. Investors of record on Tuesday, October 7th will be paid a $0.04 dividend. The ex-dividend date 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 2.45%.

Insider Activity at Enerpac Tool Group

In related 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 transaction, the director directly owned 94,136 shares in the company, valued at approximately $3,858,634.64. This represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company's stock.

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.