Vanguard Group Inc. Sells 126,776 Shares of Enerpac Tool Group Corp. $EPAC

Vanguard Group Inc. lowered its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,993,635 shares of the company's stock after selling 126,776 shares during the quarter. Vanguard Group Inc. owned 11.08% of Enerpac Tool Group worth $268,874,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position 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 worth $13,299,000 after purchasing an additional 9,177 shares in the last quarter. Janney Montgomery Scott LLC lifted its position 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 worth $316,000 after purchasing an additional 917 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position 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 worth $307,000 after purchasing an additional 440 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Enerpac Tool Group by 332.7% during the first quarter. SG Americas Securities LLC now owns 10,834 shares of the company's stock worth $486,000 after purchasing an additional 8,330 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Enerpac Tool Group by 2.4% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,980,906 shares of the company's stock worth $204,665,000 after purchasing an additional 117,203 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Trading Up 4.4%

EPAC traded up $1.8350 during mid-day trading on Friday, hitting $43.7450. The stock had a trading volume of 53,661 shares, compared to its average volume of 351,532. The stock's fifty day simple moving average is $39.92 and its 200-day simple moving average is $42.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 26.78 and a beta of 1.16. Enerpac Tool Group Corp. has a 1-year low of $36.51 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its earnings results on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. During the same period last year, the business posted $0.47 earnings per share. As a group, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, October 7th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $0.16 annualized dividend and a yield of 0.4%. Enerpac Tool Group's dividend payout ratio (DPR) is 2.45%.

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 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 owned 94,136 shares of the company's stock, valued at $3,858,634.64. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Enerpac Tool Group has an average rating of "Buy" and a consensus target price of $53.00.

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.