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 cut its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 40.4% during the second quarter, HoldingsChannel reports. The firm 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’s holdings in Enerpac Tool Group were worth $1,884,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Arizona State Retirement System increased its stake in shares of Enerpac Tool Group by 2.1% during the second quarter. Arizona State Retirement System now owns 15,188 shares of the company’s stock worth $580,000 after acquiring an additional 312 shares during the period. Illinois Municipal Retirement Fund increased its stake in shares of Enerpac Tool Group by 1.1% during the first quarter. Illinois Municipal Retirement Fund now owns 31,594 shares of the company’s stock worth $1,127,000 after acquiring an additional 334 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Enerpac Tool Group by 0.9% during the first quarter. Texas Permanent School Fund Corp now owns 47,373 shares of the company’s stock worth $1,689,000 after acquiring an additional 429 shares during the period. GAMMA Investing LLC increased its stake in shares of Enerpac Tool Group by 90.1% during the first quarter. GAMMA Investing LLC now owns 937 shares of the company’s stock worth $33,000 after acquiring an additional 444 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in shares of Enerpac Tool Group by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 27,300 shares of the company’s stock worth $1,042,000 after acquiring an additional 500 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,937 shares of the company’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $37.92, for a total transaction of $73,451.04. Following the transaction, the director now directly owns 86,047 shares in the company, valued at $3,262,902.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by company insiders.

Enerpac Tool Group Trading Down 0.2 %

Shares of Enerpac Tool Group stock opened at $41.92 on Monday. Enerpac Tool Group Corp. has a 52-week low of $25.65 and a 52-week high of $42.86. The company has a quick ratio of 2.20, a current ratio of 2.85 and a debt-to-equity ratio of 0.52. The company’s 50-day simple moving average is $40.23 and its 200-day simple moving average is $37.93. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 27.58 and a beta of 1.15.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Monday, June 24th. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Enerpac Tool Group had a net margin of 14.13% and a return on equity of 26.80%. The company had revenue of $150.39 million for the quarter, compared to analyst estimates of $153.20 million. During the same period in the prior year, the business posted $0.39 earnings per share. As a group, equities research analysts anticipate that Enerpac Tool Group Corp. will post 1.75 earnings per share for the current year.

Enerpac Tool Group Dividend Announcement

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

Enerpac Tool Group 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.