Barrow Hanley Mewhinney & Strauss LLC, a prominent financial firm, recently increased its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) during the first quarter of this year. According to the company’s most recent filing with the Securities and Exchange Commission (SEC), Barrow Hanley Mewhinney & Strauss LLC now owns 2,559,142 shares of Enerpac Tool Group, representing a growth of 2.0% from their previous holdings. This increase was made possible by the purchase of an additional 50,987 shares during the mentioned period.
As of its latest SEC filing, Barrow Hanley Mewhinney & Strauss LLC’s stake in Enerpac Tool Group is estimated to be worth $65,258,000. This translates to approximately 4.48% ownership of the company’s stock by the financial firm.
Enerpac Tool Group is a publicly traded company listed on the New York Stock Exchange under the ticker symbol EPAC. The company recently released its quarterly earnings report on August 26th, 2023. According to this report, Enerpac Tool Group achieved an earnings per share (EPS) of $0.39 for the quarter. This surpassed analysts’ expectations by $0.09 per share.
In terms of revenue generated during this period, Enerpac Tool Group recorded $156.25 million for the quarter. Additionally, the company demonstrated a return on equity (ROE) of 24.27% and a net margin of 6.02%. These financial indicators indicate positive performance and potential profitability.
Investors and individuals interested in exploring further information about hedge funds holding EPAC can visit HoldingsChannel.com to access the latest 13F filings and insider trades related to Enerpac Tool Group Corp.
As always, it is crucial for investors and stakeholders to stay updated with accurate and reliable information regarding financial filings and developments within companies they are interested in. The SEC filing made by Barrow Hanley Mewhinney & Strauss LLC provides insights into the recent increase in their holdings of Enerpac Tool Group, shedding light on the potential confidence this esteemed firm has in the company’s future prospects.
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Growing Investor Confidence Fuels Enerpac Tool Group’s Potential for Growth in Industrial Products and Solutions Market
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”EPAC” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]Enerpac Tool Group, a leading manufacturer and seller of industrial products and solutions, has recently seen changes in its investor base. Several large investors have made adjustments to their positions in the company, reflecting their confidence and belief in its potential for growth.
Cerity Partners LLC increased its holdings in Enerpac Tool Group by 28.5% in the first quarter, now owning 11,682 shares of the company’s stock worth $299,000. ExodusPoint Capital Management LP also increased its holdings by 27.7% during the same period, now owning 60,219 shares valued at $1,536,000.
American Century Companies Inc. followed suit by increasing its holdings by 39.1% to reach 15,518 shares worth $386,000. Additionally, Rhumbline Advisers increased their stake by 4.7% to own 173,611 shares valued at $4,427,000. Credit Suisse AG also participated in this trend with a slight increase of 1.7% in their holdings.
These recent developments provide valuable insights into the growing appeal of Enerpac Tool Group among institutional investors and hedge funds. It is worth noting that these entities hold an impressive 97.97% of the company’s stock.
As of August 26th, Enerpac Tool Group Corp.’s stock (NYSE:EPAC) was trading at $26.16 per share with a trading volume of 41,378 shares for the day compared to an average daily volume of 289,839 shares. The stock’s performance indicates stability as it records a fifty-two week low of $16.09 and a fifty-two week high of $28.97.
With a market capitalization of $1.47 billion and a P/E ratio of 42.11 along with a beta value of 1.36, Enerpac Tool Group demonstrates its position as a key player in the industrial products and solutions market. The company also maintains a healthy balance sheet, with a debt-to-equity ratio of 0.69 and current and quick ratios of 2.66 and 2.00 respectively.
For investors seeking more detailed information regarding Enerpac Tool Group’s holdings, they can visit HoldingsChannel.com to access the latest 13F filings and insider trades.
Furthermore, Enerpac Tool Group recently announced its annual dividend, which is set to be paid on Wednesday, October 18th. Shareholders of record on Friday, October 6th will receive a dividend of $0.04 per share. The ex-dividend date is scheduled for Thursday, October 5th. This dividend represents a yield of 0.15% based on the company’s current stock price. Enerpac Tool Group’s payout ratio currently stands at 6.45%.
In conclusion, Enerpac Tool Group Corp.’s recent increase in institutional investor interest reflects growing confidence in the company’s future prospects within the industrial products and solutions sector. Its diverse range of offerings and presence in both domestic and international markets underline its potential for continued success.
