Voya Investment Management LLC Sells 27,989 Shares of Enerpac Tool Group Corp. $EPAC

Key Points

• Voya Investment Management LLC has reduced its stake in Enerpac Tool Group Corp. by 19.3%, selling 27,989 shares and now owning about 116,734 shares valued at approximately $5.24 million.
• The company recently experienced a quarterly earnings report, posting an earnings per share of $0.51, surpassing analyst expectations of $0.47.
• Enerpac Tool Group announced a $0.04 quarterly dividend set to be paid on October 17th, representing an annualized yield of 0.4%.

Voya Investment Management LLC reduced its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 19.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 116,734 shares of the company's stock after selling 27,989 shares during the quarter. Voya Investment Management LLC owned about 0.22% of Enerpac Tool Group worth $5,237,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Assetmark Inc. lifted its holdings in shares of Enerpac Tool Group by 41.0% in the 1st quarter. Assetmark Inc. now owns 980 shares of the company's stock worth $44,000 after acquiring an additional 285 shares during the last quarter. MainStreet Investment Advisors LLC raised its holdings in Enerpac Tool Group by 5.5% during the 1st quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company's stock valued at $305,000 after buying an additional 355 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Enerpac Tool Group by 6.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock valued at $307,000 after purchasing an additional 440 shares during the period. Moody National Bank Trust Division increased its position in Enerpac Tool Group by 4.8% during the 1st quarter. Moody National Bank Trust Division now owns 10,967 shares of the company's stock valued at $492,000 after purchasing an additional 506 shares during the period. Finally, Two Sigma Advisers LP grew its position in shares of Enerpac Tool Group by 8.0% in the 4th quarter. Two Sigma Advisers LP now owns 8,100 shares of the company's stock worth $333,000 after buying an additional 600 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Price Performance

EPAC opened at $42.80 on Friday. The business's 50-day moving average is $40.66 and its two-hundred day moving average is $41.64. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91. 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 $2.31 billion, a PE ratio of 26.26 and a beta of 1.15.

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

Enerpac Tool Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, October 7th will be given a $0.04 dividend. 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 is currently 2.45%.

Analyst Ratings Changes

A number of analysts have recently weighed in on EPAC shares. Roth Capital assumed coverage on shares of Enerpac Tool Group in a research report on Friday, September 5th. They issued a "buy" rating and a $48.00 target price on the stock. 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. Finally, Zacks Research upgraded shares of Enerpac Tool Group to a "hold" rating in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Enerpac Tool Group presently has a consensus rating of "Moderate Buy" and an average target price of $50.50.

Insider Transactions at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $3,858,634.64. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Enerpac Tool Group Company 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.

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