Townsquare Capital LLC Acquires 15,308 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Key Points

• Townsquare Capital LLC increased its stake in Enerpac Tool Group Corp. by 13.1%, owning 132,041 shares valued at approximately $5.92 million after acquiring an additional 15,308 shares.
• Major hedge funds like **Wells Fargo** and **Ameriprise Financial** have significantly increased their holdings in Enerpac, with some raising their positions by over 1,900% and 230% respectively.
• Enerpac recently announced a quarterly dividend of $0.04 per share, reflecting an annualized payout of $0.16, with a current dividend yield of 0.4%.

Townsquare Capital LLC lifted its stake in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,041 shares of the company's stock after buying an additional 15,308 shares during the period. Townsquare Capital LLC owned approximately 0.24% of Enerpac Tool Group worth $5,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in EPAC. Assetmark Inc. grew its stake in shares of 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 last quarter. Whittier Trust Co. grew its stake 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 worth $75,000 after purchasing an additional 1,303 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Enerpac Tool Group in the fourth quarter worth $99,000. State of Wyoming bought a new stake in shares of Enerpac Tool Group in the fourth quarter worth $201,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Enerpac Tool Group in the fourth quarter worth $210,000. 97.70% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director E James Ferland, Jr. sold 4,224 shares of Enerpac Tool Group stock in a transaction on 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 sale, the director directly owned 94,136 shares of the company's stock, valued at approximately $3,858,634.64. The trade was a 4.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.10% 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 research note on Saturday, July 26th.

Enerpac Tool Group Stock Performance

Shares of Enerpac Tool Group stock traded down $1.21 during mid-day trading on Thursday, hitting $41.81. 460,017 shares of the stock were exchanged, compared to its average volume of 388,579. Enerpac Tool Group Corp. has a 12 month low of $36.51 and a 12 month high of $51.91. The company has a 50-day simple moving average of $40.03 and a 200 day simple moving average of $42.18. 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 company has a market capitalization of $2.26 billion, a P/E ratio of 25.65 and a beta of 1.16.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results on Monday, June 23rd. The company reported $0.51 EPS 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 firm had revenue of $158.66 million for the quarter, compared to analysts' expectations of $159.35 million. During the same quarter last year, the firm earned $0.47 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, October 7th will be issued 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 currently 2.45%.

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.