Goldman Sachs Group Inc. Sells 61,377 Shares of Enerpac Tool Group Corp. $EPAC

Goldman Sachs Group Inc. lessened its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 25.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,984 shares of the company’s stock after selling 61,377 shares during the period. Goldman Sachs Group Inc.’s holdings in Enerpac Tool Group were worth $8,119,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of EPAC. Principal Financial Group Inc. lifted its stake in Enerpac Tool Group by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 296,448 shares of the company’s stock valued at $13,299,000 after acquiring an additional 9,177 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Enerpac Tool Group by 14.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company’s stock valued at $316,000 after acquiring an additional 917 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Enerpac Tool Group by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company’s stock valued at $307,000 after acquiring an additional 440 shares in the last quarter. Nuveen LLC bought a new stake in Enerpac Tool Group in the 1st quarter valued at approximately $12,804,000. Finally, SG Americas Securities LLC lifted its stake in Enerpac Tool Group by 332.7% in the 1st quarter. SG Americas Securities LLC now owns 10,834 shares of the company’s stock valued at $486,000 after acquiring an additional 8,330 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Roth Capital assumed coverage on Enerpac Tool Group in a research note on Friday, September 5th. They issued a “buy” rating and a $48.00 target price on the stock. Zacks Research upgraded Enerpac Tool Group to a “hold” rating in a research note on Monday, September 8th. Finally, Wall Street Zen cut Enerpac Tool Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Enerpac Tool Group Trading Down 1.5%

NYSE EPAC opened at $42.65 on Friday. The business has a 50 day simple moving average of $40.30 and a 200 day simple moving average of $41.70. Enerpac Tool Group Corp. has a one year low of $36.51 and a one year high of $51.91. The stock has a market capitalization of $2.31 billion, a P/E ratio of 26.17 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC) last released its earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $159.35 million. During the same quarter last year, the firm posted $0.47 earnings per share. Research analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Enerpac Tool Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, October 7th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, October 7th. This represents a $0.16 annualized dividend and a yield of 0.4%. Enerpac Tool Group’s dividend payout ratio is presently 2.45%.

Insider Transactions at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 4,224 shares of the 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 transaction, the director owned 94,136 shares in the company, valued at approximately $3,858,634.64. This represents a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

About Enerpac Tool Group

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.