Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its holdings in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,061 shares of the company’s stock after selling 417 shares during the quarter. Arizona State Retirement System’s holdings in Enerpac Tool Group were worth $434,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EPAC. Bank of New York Mellon Corp grew its stake in Enerpac Tool Group by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 590,340 shares of the company’s stock worth $12,922,000 after buying an additional 9,287 shares during the period. US Bancorp DE grew its stake in Enerpac Tool Group by 808.7% during the first quarter. US Bancorp DE now owns 1,563 shares of the company’s stock worth $34,000 after buying an additional 1,391 shares during the period. Citigroup Inc. grew its stake in Enerpac Tool Group by 11.4% during the first quarter. Citigroup Inc. now owns 51,935 shares of the company’s stock worth $1,137,000 after buying an additional 5,316 shares during the period. PNC Financial Services Group Inc. grew its stake in Enerpac Tool Group by 183.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock worth $64,000 after buying an additional 1,902 shares during the period. Finally, Bank of Montreal Can grew its stake in Enerpac Tool Group by 4.0% during the first quarter. Bank of Montreal Can now owns 21,040 shares of the company’s stock worth $455,000 after buying an additional 809 shares during the period. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Price Performance

Shares of EPAC stock opened at $28.06 on Monday. The company has a market capitalization of $1.52 billion, a PE ratio of 33.81 and a beta of 1.30. The firm has a fifty day simple moving average of $27.16 and a 200-day simple moving average of $26.49. The company has a current ratio of 2.40, a quick ratio of 1.90 and a debt-to-equity ratio of 0.64. Enerpac Tool Group Corp. has a twelve month low of $22.94 and a twelve month high of $30.22.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Monday, October 16th. The company reported $0.42 earnings per share for the quarter, meeting the consensus estimate of $0.42. The business had revenue of $160.61 million during the quarter. Enerpac Tool Group had a net margin of 7.78% and a return on equity of 24.77%. Equities research analysts anticipate that Enerpac Tool Group Corp. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, CL King initiated coverage on shares of Enerpac Tool Group in a research note on Wednesday, October 25th. They issued a “buy” rating and a $35.00 target price for the company.

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, and internationally. It operates through Industrial Tools & Services (IT&S) and Other segments. The IT&S 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.