Moody Aldrich Partners LLC Trims Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Moody Aldrich Partners LLC cut its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 114,638 shares of the company’s stock after selling 2,169 shares during the period. Moody Aldrich Partners LLC’s holdings in Enerpac Tool Group were worth $4,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of EPAC. Exchange Traded Concepts LLC purchased a new position in Enerpac Tool Group during the third quarter valued at $40,000. Mechanics Bank Trust Department bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth about $210,000. USA Financial Formulas lifted its holdings in shares of Enerpac Tool Group by 15.5% in the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after acquiring an additional 254 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Enerpac Tool Group by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock worth $42,000 after acquiring an additional 238 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Enerpac Tool Group by 28.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 16,174 shares of the company’s stock worth $678,000 after acquiring an additional 3,600 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Trading Down 0.9 %

Shares of Enerpac Tool Group stock traded down $0.38 during trading on Thursday, hitting $43.11. The stock had a trading volume of 39,960 shares, compared to its average volume of 292,309. The firm’s fifty day simple moving average is $41.46 and its 200-day simple moving average is $39.23. The stock has a market cap of $2.34 billion, a PE ratio of 28.61 and a beta of 1.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20. Enerpac Tool Group Corp. has a 12 month low of $27.06 and a 12 month high of $44.88.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The company had revenue of $158.71 million for the quarter, compared to the consensus estimate of $156.70 million. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. During the same quarter in the previous year, the business earned $0.42 EPS. As a group, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

The firm also recently announced an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were given a dividend of $0.04 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend was Monday, October 7th. Enerpac Tool Group’s dividend payout ratio (DPR) is 2.63%.

Insider Buying and Selling at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $44.17, for a total value of $85,601.46. Following the transaction, the director now owns 86,047 shares of the company’s stock, valued at $3,800,695.99. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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.