AQR Capital Management LLC Reduces Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

AQR Capital Management LLC reduced its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 45.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,421 shares of the company’s stock after selling 27,408 shares during the period. AQR Capital Management LLC owned about 0.06% of Enerpac Tool Group worth $1,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its position in Enerpac Tool Group by 208.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock valued at $154,028,000 after purchasing an additional 2,726,293 shares during the last quarter. Champlain Investment Partners LLC raised its stake in shares of 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 in the last quarter. Kingdon Capital Management L.L.C. bought a new position in Enerpac Tool Group in the first quarter worth $5,349,000. Kennedy Capital Management LLC boosted 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 buying an additional 109,463 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in Enerpac Tool Group by 137.5% in the 2nd quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after buying an additional 104,019 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Shares of EPAC stock opened at $43.73 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.85 and a quick ratio of 2.20. The stock’s fifty day simple moving average is $40.84 and its 200 day simple moving average is $38.76. Enerpac Tool Group Corp. has a one year low of $25.65 and a one year high of $43.90. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 28.77 and a beta of 1.15.

Enerpac Tool Group Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, October 7th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, October 7th. This represents a dividend yield of 0.1%. Enerpac Tool Group’s dividend payout ratio is currently 2.63%.

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.