Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 40.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 49,346 shares of the company’s stock after selling 33,412 shares during the period. State of New Jersey Common Pension Fund D owned about 0.09% of Enerpac Tool Group worth $1,884,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Enerpac Tool Group by 90.1% in the 1st quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock valued at $33,000 after buying an additional 444 shares during the period. CWM LLC boosted its position in Enerpac Tool Group by 89.3% in the 2nd quarter. CWM LLC now owns 2,275 shares of the company’s stock valued at $87,000 after buying an additional 1,073 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in Enerpac Tool Group in the 2nd quarter valued at approximately $204,000. Foundry Partners LLC purchased a new position in Enerpac Tool Group in the 1st quarter valued at approximately $226,000. Finally, Premier Fund Managers Ltd purchased a new position in Enerpac Tool Group in the 4th quarter valued at approximately $248,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Price Performance

Enerpac Tool Group stock opened at $41.92 on Monday. The stock has a market cap of $2.28 billion, a P/E ratio of 27.58 and a beta of 1.15. The company has a fifty day simple moving average of $40.23 and a 200-day simple moving average of $37.93. Enerpac Tool Group Corp. has a 12-month low of $25.65 and a 12-month high of $42.86. The company has a current ratio of 2.85, a quick ratio of 2.20 and a debt-to-equity ratio of 0.52.

Enerpac Tool Group (NYSE:EPAC) last released its quarterly earnings data on Monday, June 24th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $150.39 million during the quarter, compared to analysts’ expectations of $153.20 million. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. During the same period in the previous year, the company earned $0.39 EPS. Equities analysts expect that Enerpac Tool Group Corp. will post 1.75 EPS for the current fiscal year.

Enerpac Tool Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Stockholders of record on Monday, October 7th will be given a dividend of $0.04 per share. 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 (DPR) is currently 2.63%.

Insider Activity at Enerpac Tool Group

In related news, Director E James Ferland, Jr. sold 1,937 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $37.92, for a total value of $73,451.04. Following the completion of the sale, the director now directly owns 86,047 shares of the company’s stock, valued at $3,262,902.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

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.