Royal Bank of Canada Sells 45,175 Shares of Enerpac Tool Group Corp. $EPAC

Royal Bank of Canada lessened its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 96.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,691 shares of the company’s stock after selling 45,175 shares during the quarter. Royal Bank of Canada’s holdings in Enerpac Tool Group were worth $61,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its position in Enerpac Tool Group by 1,570.4% during the fourth quarter. Bessemer Group Inc. now owns 605,202 shares of the company’s stock worth $23,142,000 after acquiring an additional 568,972 shares in the last quarter. Brown Advisory Inc. lifted its stake in Enerpac Tool Group by 92.7% in the fourth quarter. Brown Advisory Inc. now owns 864,054 shares of the company’s stock valued at $33,041,000 after acquiring an additional 415,723 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of Enerpac Tool Group by 34.4% in the 4th quarter. GW&K Investment Management LLC now owns 785,268 shares of the company’s stock valued at $30,028,000 after acquiring an additional 201,175 shares during the period. Qube Research & Technologies Ltd grew its position in shares of Enerpac Tool Group by 76.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 353,771 shares of the company’s stock valued at $14,349,000 after acquiring an additional 153,377 shares during the period. Finally, Moran Wealth Management LLC acquired a new position in shares of Enerpac Tool Group during the 1st quarter worth about $4,665,000. 97.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on EPAC shares. Roth Capital reaffirmed a “buy” rating and issued a $50.00 target price on shares of Enerpac Tool Group in a report on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Enerpac Tool Group in a report on Friday, August 14th. Finally, Zacks Research downgraded Enerpac Tool Group from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $50.00.

Enerpac Tool Group Stock Down 1.8%

Enerpac Tool Group stock opened at $36.65 on Wednesday. The company’s 50-day moving average price is $36.05 and its two-hundred day moving average price is $36.26. The company has a quick ratio of 2.04, a current ratio of 2.67 and a debt-to-equity ratio of 0.41. The stock has a market cap of $1.87 billion, a P/E ratio of 20.71 and a beta of 0.87. Enerpac Tool Group Corp. has a twelve month low of $32.35 and a twelve month high of $45.00.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Wednesday, July 8th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The company had revenue of $167.55 million during the quarter, compared to analysts’ expectations of $165.60 million. Enerpac Tool Group had a return on equity of 23.21% and a net margin of 14.72%.The company’s quarterly revenue was up 5.7% on a year-over-year basis. Enerpac Tool Group has set its FY 2026 guidance at 1.840-1.890 EPS. As a group, analysts expect that Enerpac Tool Group Corp. will post 1.87 EPS for the current year.

Enerpac Tool Group Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, October 16th. Shareholders of record on Tuesday, October 6th will be issued a $0.04 dividend. This represents a yield of 12.0%. The ex-dividend date of this dividend is Tuesday, October 6th. Enerpac Tool Group’s dividend payout ratio is currently 2.26%.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.