Cwm LLC Sells 378 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Cwm LLC reduced its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 16.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,897 shares of the company’s stock after selling 378 shares during the quarter. Cwm LLC’s holdings in Enerpac Tool Group were worth $79,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Enerpac Tool Group by 208.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock worth $154,028,000 after acquiring an additional 2,726,293 shares during the period. Champlain Investment Partners LLC boosted its stake in Enerpac Tool Group by 6.2% in the 1st 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 during the period. Dimensional Fund Advisors LP boosted its stake in Enerpac Tool Group by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock valued at $58,874,000 after purchasing an additional 53,055 shares during the period. Kennedy Capital Management LLC boosted its stake in Enerpac Tool Group by 22.6% in the 1st quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock valued at $21,194,000 after purchasing an additional 109,463 shares during the period. Finally, Leeward Investments LLC MA boosted its stake in Enerpac Tool Group by 5.6% in the 2nd quarter. Leeward Investments LLC MA now owns 300,522 shares of the company’s stock valued at $11,474,000 after purchasing an additional 15,987 shares during the period. 97.70% of the stock is currently owned by institutional investors.

Enerpac Tool Group Stock Performance

EPAC opened at $44.77 on Friday. The business has a fifty day simple moving average of $41.70 and a 200 day simple moving average of $39.39. The company has a market capitalization of $2.43 billion, a PE ratio of 29.45 and a beta of 1.15. Enerpac Tool Group Corp. has a 1 year low of $27.06 and a 1 year high of $45.17. 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 (NYSE:EPAC) last released its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03). The firm had revenue of $158.71 million during 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 last year, the firm earned $0.42 earnings per share. Research analysts expect that Enerpac Tool Group Corp. will post 1.75 EPS for the current year.

Enerpac Tool Group Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, October 18th. Shareholders of record on Monday, October 7th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a yield of 0.1%. Enerpac Tool Group’s dividend payout ratio is presently 2.63%.

Insider Buying and Selling at Enerpac Tool Group

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the transaction, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

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.