Allspring Global Investments Holdings LLC Reduces Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 84.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 7,736 shares of the company's stock after selling 40,897 shares during the period. Allspring Global Investments Holdings LLC's holdings in Enerpac Tool Group were worth $324,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Daiwa Securities Group Inc. bought a new stake in Enerpac Tool Group during the 1st quarter valued at $411,000. Central Pacific Bank Trust Division bought a new stake in Enerpac Tool Group during the 1st quarter valued at $580,000. Texas Permanent School Fund Corp raised its position in Enerpac Tool Group by 0.9% during the 1st quarter. Texas Permanent School Fund Corp now owns 47,373 shares of the company's stock valued at $1,689,000 after purchasing an additional 429 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in Enerpac Tool Group during the 1st quarter valued at $1,644,000. Finally, Illinois Municipal Retirement Fund raised its position in Enerpac Tool Group by 1.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 31,594 shares of the company's stock valued at $1,127,000 after purchasing an additional 334 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Insider Activity

In other 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 transaction, the director now directly owns 86,047 shares in the company, valued at approximately $3,800,695.99. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company's stock.

Enerpac Tool Group Stock Up 0.3 %

Shares of NYSE:EPAC traded up $0.14 on Friday, reaching $44.26. The company had a trading volume of 310,554 shares, compared to its average volume of 412,891. Enerpac Tool Group Corp. has a 52-week low of $27.06 and a 52-week high of $45.17. The firm's 50 day simple moving average is $42.12 and its 200-day simple moving average is $39.75. The firm has a market capitalization of $2.40 billion, a PE ratio of 28.37 and a beta of 1.14. The company has a current ratio of 2.88, a quick ratio of 2.31 and a debt-to-equity ratio of 0.48.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.53 by ($0.03). Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. The company had revenue of $158.71 million during the quarter, compared to analysts' expectations of $156.70 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. As a group, analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, October 18th. Stockholders 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 dividend yield of 0.1%. Enerpac Tool Group's dividend payout ratio is presently 2.56%.

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.