Renaissance Technologies LLC Acquires 30,290 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Renaissance Technologies LLC increased its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 39.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,259 shares of the company’s stock after acquiring an additional 30,290 shares during the period. Renaissance Technologies LLC owned about 0.20% of Enerpac Tool Group worth $4,095,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of EPAC. Norges Bank bought a new position in Enerpac Tool Group in the 4th quarter valued at $15,077,000. Champlain Investment Partners LLC boosted its position 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 buying an additional 186,335 shares during the last quarter. Kingdon Capital Management L.L.C. bought a new position in Enerpac Tool Group in the 1st quarter valued at $5,349,000. Capital International Investors lifted its stake in shares of Enerpac Tool Group by 2.8% in the 4th quarter. Capital International Investors now owns 4,347,380 shares of the company’s stock valued at $135,160,000 after purchasing an additional 118,691 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in shares of 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. 97.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director E James Ferland, Jr. sold 1,937 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $37.92, for a total value of $73,451.04. Following the completion of the transaction, the director now directly owns 86,047 shares in the company, valued at approximately $3,262,902.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Enerpac Tool Group Stock Performance

EPAC stock opened at $41.86 on Friday. The business’s fifty day moving average is $40.38 and its 200-day moving average is $38.24. 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 has a market cap of $2.27 billion, a P/E ratio of 27.54 and a beta of 1.15. Enerpac Tool Group Corp. has a twelve month low of $25.65 and a twelve month high of $43.00.

Enerpac Tool Group Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Friday, October 18th. Investors of record on Monday, October 7th will be paid a dividend of $0.04 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend is Monday, October 7th. Enerpac Tool Group’s payout ratio is presently 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.