20,400 Shares in Enerpac Tool Group Corp. $EPAC Bought by Strs Ohio

Key Points

• Strs Ohio has invested $915,000 in Enerpac Tool Group Corp., acquiring 20,400 shares of the company in the first quarter.
• The company's latest quarterly earnings report showed an earnings per share (EPS) of $0.51, exceeding analyst expectations of $0.47.
• Enerpac Tool Group has announced a quarterly dividend of $0.04, with an annualized dividend yield of 0.4%.

Strs Ohio bought a new position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 20,400 shares of the company's stock, valued at approximately $915,000.

A number of other large investors have also recently bought and sold shares of the company. Jane Street Group LLC raised its holdings in shares of Enerpac Tool Group by 32.8% in the first quarter. Jane Street Group LLC now owns 131,506 shares of the company's stock valued at $5,899,000 after purchasing an additional 32,491 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Enerpac Tool Group by 24.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 217,195 shares of the company's stock valued at $9,743,000 after acquiring an additional 42,835 shares in the last quarter. PharVision Advisers LLC acquired a new stake in shares of Enerpac Tool Group in the first quarter valued at about $277,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Enerpac Tool Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,370 shares of the company's stock worth $1,452,000 after acquiring an additional 1,425 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Enerpac Tool Group by 29.5% during the first quarter. AQR Capital Management LLC now owns 27,208 shares of the company's stock valued at $1,221,000 after purchasing an additional 6,203 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Insider Activity

In other news, Director E James Ferland, Jr. sold 4,224 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $40.99, for a total value of $173,141.76. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Enerpac Tool Group Price Performance

Shares of EPAC traded down $0.12 during trading hours on Monday, hitting $40.90. 385,652 shares of the company were exchanged, compared to its average volume of 391,135. The firm's fifty day moving average is $40.80 and its 200 day moving average is $41.55. 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 fifty-two week low of $36.51 and a fifty-two week high of $51.91. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 25.09 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping 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 company had revenue of $158.66 million during the quarter, compared to analysts' expectations of $159.35 million. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, equities analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Announces Dividend

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 dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 7th. Enerpac Tool Group's payout ratio is presently 2.45%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research raised Enerpac Tool Group to a "hold" rating in a report on Monday, September 8th. 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. Finally, Roth Capital started coverage on shares of Enerpac Tool Group in a research note on Friday, September 5th. They issued a "buy" rating and a $48.00 target price for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.

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.