Teacher Retirement System of Texas Has $2.08 Million Position in Enerpac Tool Group Corp. (NYSE:EPAC)

Teacher Retirement System of Texas decreased its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,687 shares of the company’s stock after selling 10,008 shares during the period. Teacher Retirement System of Texas owned 0.09% of Enerpac Tool Group worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Assetmark Inc. acquired a new position in Enerpac Tool Group in the fourth quarter valued at $29,000. Quarry LP lifted its stake in shares of Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after purchasing an additional 436 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group during the 4th quarter valued at about $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Enerpac Tool Group during the third quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC bought a new stake in Enerpac Tool Group in the fourth quarter worth approximately $51,000. 97.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 price objective for the company.

Enerpac Tool Group Trading Up 1.8 %

EPAC opened at $46.34 on Friday. The company has a market cap of $2.52 billion, a P/E ratio of 28.26 and a beta of 1.18. The company has a fifty day moving average price of $44.96 and a two-hundred day moving average price of $44.62. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a 1-year low of $34.47 and a 1-year high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The business had revenue of $145.53 million for the quarter, compared to the consensus estimate of $139.80 million. Analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

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.