Vident Advisory LLC Has $2.90 Million Stock Position in Enerpac Tool Group Corp. $EPAC

Key Points

• Vident Advisory LLC has reduced its holdings in Enerpac Tool Group by 15.6%, selling 11,957 shares and now owning a total of 64,551 shares worth approximately $2.9 million.
• Several institutional investors increased their stakes in Enerpac Tool Group, with Ameriprise Financial leading the way with an 81.5% increase in their share holdings.
• Enerpac Tool Group announced a quarterly dividend of $0.04 per share, which is set to be paid on October 17, reflecting an annualized dividend yield of 0.4%.

Vident Advisory LLC decreased its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 15.6% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,551 shares of the company's stock after selling 11,957 shares during the quarter. Vident Advisory LLC owned about 0.12% of Enerpac Tool Group worth $2,896,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of Enerpac Tool Group by 41.0% during the 1st 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. Russell Investments Group Ltd. increased its position in shares of Enerpac Tool Group by 1,556.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company's stock worth $54,000 after purchasing an additional 1,136 shares during the last quarter. Whittier Trust Co. increased its position in shares of Enerpac Tool Group by 361.9% during the 1st 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 position in shares of Enerpac Tool Group during the 4th quarter worth approximately $99,000. Finally, Benjamin Edwards Inc. bought a new position in shares of Enerpac Tool Group during the 1st quarter worth approximately $203,000. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Price Performance

Shares of NYSE:EPAC traded up $0.42 during trading on Thursday, reaching $42.34. 277,270 shares of the company traded hands, compared to its average volume of 349,463. The company's 50 day moving average is $39.96 and its two-hundred day moving average is $41.92. The firm has a market capitalization of $2.29 billion, a PE ratio of 25.98 and a beta of 1.15. 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.

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 analysts' consensus estimates of $0.47 by $0.04. The firm had revenue of $158.66 million during the quarter, compared to the consensus estimate of $159.35 million. Enerpac Tool Group had a return on equity of 24.04% and a net margin of 14.65%.During the same period in the prior year, the company posted $0.47 EPS. As a group, sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group Dividend Announcement

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

Insider Activity at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 4,224 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was 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 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded Enerpac Tool Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $53.00.

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.