Gamco Investors INC. ET AL boosted its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC – Free Report) by 21.2% in the first quarter, HoldingsChannel reports. The fund owned 188,150 shares of the company’s stock after buying an additional 32,850 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Enerpac Tool Group were worth $6,862,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in EPAC. M&T Bank Corp boosted its holdings in shares of Enerpac Tool Group by 2,163.1% during the fourth quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock worth $42,992,000 after purchasing an additional 1,074,588 shares during the period. Bessemer Group Inc. increased its stake in Enerpac Tool Group by 1,570.4% in the 4th quarter. Bessemer Group Inc. now owns 605,202 shares of the company’s stock valued at $23,142,000 after buying an additional 568,972 shares during the period. Brown Advisory Inc. lifted its position in Enerpac Tool Group by 92.7% in the 4th quarter. Brown Advisory Inc. now owns 864,054 shares of the company’s stock worth $33,041,000 after buying an additional 415,723 shares in the last quarter. GW&K Investment Management LLC boosted its stake in shares of Enerpac Tool Group by 34.4% during the 4th quarter. GW&K Investment Management LLC now owns 785,268 shares of the company’s stock valued at $30,028,000 after buying an additional 201,175 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Enerpac Tool Group by 76.5% during the 2nd quarter. Qube Research & Technologies Ltd now owns 353,771 shares of the company’s stock valued at $14,349,000 after buying an additional 153,377 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.
Enerpac Tool Group Price Performance
NYSE EPAC opened at $34.68 on Monday. The stock has a 50-day simple moving average of $34.75 and a 200 day simple moving average of $37.03. Enerpac Tool Group Corp. has a twelve month low of $32.35 and a twelve month high of $45.00. The stock has a market capitalization of $1.77 billion, a PE ratio of 19.59 and a beta of 0.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.04 and a current ratio of 2.67.
Enerpac Tool Group Announces Dividend
The firm also recently disclosed an annual dividend, which will be paid on Friday, October 16th. Stockholders of record on Tuesday, October 6th will be paid a $0.04 dividend. The ex-dividend date is Tuesday, October 6th. This represents a dividend yield of 12.0%. Enerpac Tool Group’s dividend payout ratio is currently 2.26%.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on EPAC. Zacks Research cut Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Weiss Ratings downgraded Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, May 19th. Finally, Roth Capital reiterated a “buy” rating and set a $50.00 price target on shares of Enerpac Tool Group in a report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.00.
Check Out Our Latest Analysis on EPAC
About Enerpac Tool Group
Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.
In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.
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