Public Sector Pension Investment Board Has $7.74 Million Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Key Points

• The Public Sector Pension Investment Board increased its holdings in Enerpac Tool Group Corp. by 27.8% during the first quarter, now owning 172,533 shares valued at $7.74 million.
• Analysts at Wall Street Zen have downgraded Enerpac Tool Group from a "strong-buy" to a "buy" rating, reflecting potential changes in market sentiment.
• The company has declared a quarterly dividend of $0.04 per share, representing an annualized yield of 0.4%, to be paid on October 17th.

Public Sector Pension Investment Board grew its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 27.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,533 shares of the company's stock after purchasing an additional 37,522 shares during the period. Public Sector Pension Investment Board owned approximately 0.32% of Enerpac Tool Group worth $7,740,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of EPAC. Ameriprise Financial Inc. increased its stake in shares of Enerpac Tool Group by 230.6% in the fourth quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock worth $21,996,000 after acquiring an additional 373,372 shares during the last quarter. Nuveen LLC acquired a new position in Enerpac Tool Group during the first quarter worth $12,804,000. GW&K Investment Management LLC increased its position in Enerpac Tool Group by 45.6% during the first quarter. GW&K Investment Management LLC now owns 759,566 shares of the company's stock worth $34,074,000 after buying an additional 237,763 shares during the last quarter. Invesco Ltd. increased its position in Enerpac Tool Group by 39.2% during the fourth quarter. Invesco Ltd. now owns 574,894 shares of the company's stock worth $23,622,000 after buying an additional 161,794 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Enerpac Tool Group by 1,018.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 142,267 shares of the company's stock valued at $5,846,000 after acquiring an additional 129,543 shares during the period. Hedge funds and other institutional investors own 97.70% of the company's stock.

Analysts Set New Price Targets

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.

Enerpac Tool Group Stock Performance

EPAC stock traded down $0.05 during mid-day trading on Friday, reaching $41.73. 521,799 shares of the stock traded hands, compared to its average volume of 385,291. 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 business has a 50-day moving average of $39.99 and a two-hundred day moving average of $42.15. The firm has a market capitalization of $2.26 billion, a PE ratio of 25.60 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its earnings results on Monday, June 23rd. The company reported $0.51 earnings per share 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 during the quarter, compared to analysts' expectations of $159.35 million. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS 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. Shareholders of record on Tuesday, October 7th will be paid a dividend of $0.04 per share. The ex-dividend date 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 (DPR) is currently 2.45%.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were 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 in the company, 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

About Enerpac Tool Group

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.