Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 3.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,300 shares of the company’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Enerpac Tool Group were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in EPAC. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Enerpac Tool Group by 208.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock valued at $154,028,000 after acquiring an additional 2,726,293 shares during the last quarter. Champlain Investment Partners LLC grew its holdings in Enerpac Tool Group by 6.2% in the first quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock valued at $113,812,000 after purchasing an additional 186,335 shares during the period. Dimensional Fund Advisors LP increased its position in Enerpac Tool Group by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock worth $58,874,000 after purchasing an additional 53,055 shares during the last quarter. Kennedy Capital Management LLC raised its stake in Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock worth $21,194,000 after purchasing an additional 109,463 shares during the period. Finally, Leeward Investments LLC MA boosted its holdings in shares of Enerpac Tool Group by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 300,522 shares of the company’s stock valued at $11,474,000 after purchasing an additional 15,987 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Trading Up 0.3 %

EPAC stock opened at $44.26 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 28.37 and a beta of 1.14. The business has a fifty day simple moving average of $42.12 and a 200-day simple moving average of $39.71. Enerpac Tool Group Corp. has a 52 week low of $27.06 and a 52 week high of $45.17.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. The firm had revenue of $158.71 million during the quarter, compared to analysts’ expectations of $156.70 million. During the same quarter last year, the business earned $0.42 earnings per share. On average, equities research analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

Enerpac Tool Group Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, October 18th. Stockholders of record on Monday, October 7th were given a $0.04 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Monday, October 7th. Enerpac Tool Group’s payout ratio is currently 2.56%.

Insider Transactions at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the sale, the director now directly owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% 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.