Mechanics Bank Trust Department Purchases Shares of 5,011 Enerpac Tool Group Corp. (NYSE:EPAC)

Mechanics Bank Trust Department acquired a new position in Enerpac Tool Group Corp. (NYSE:EPAC) in the third quarter, HoldingsChannel reports. The institutional investor acquired 5,011 shares of the company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Enerpac Tool Group by 208.4% in 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 buying an additional 2,726,293 shares during the period. Champlain Investment Partners LLC boosted its stake in shares of Enerpac Tool Group by 6.2% in the first quarter. Champlain Investment Partners LLC now owns 3,191,590 shares of the company’s stock worth $113,812,000 after acquiring an additional 186,335 shares during the period. Kingdon Capital Management L.L.C. purchased a new stake in shares of Enerpac Tool Group during the first quarter worth about $5,349,000. Kennedy Capital Management LLC grew its position in shares of Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock worth $21,194,000 after purchasing an additional 109,463 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Enerpac Tool Group by 137.5% during the 2nd quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock valued at $6,859,000 after purchasing an additional 104,019 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Enerpac Tool Group Trading Up 2.8 %

EPAC stock opened at $43.73 on Monday. 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 Corp. has a 1-year low of $25.65 and a 1-year high of $43.90. The business has a 50 day simple moving average of $40.84 and a two-hundred day simple moving average of $38.81. The company has a market capitalization of $2.37 billion, a price-to-earnings ratio of 28.77 and a beta of 1.15.

Enerpac Tool Group Announces Dividend

The business also recently announced 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. The ex-dividend date is Monday, October 7th. This represents a yield of 0.1%. Enerpac Tool Group’s payout ratio is 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.