Texas Permanent School Fund Corp reduced its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC – Free Report) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,346 shares of the company’s stock after selling 747 shares during the period. Texas Permanent School Fund Corp’s holdings in Enerpac Tool Group were worth $1,359,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. State of Wyoming acquired a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $31,000. US Bancorp DE raised its holdings in Enerpac Tool Group by 808.7% in the 1st quarter. US Bancorp DE now owns 1,563 shares of the company’s stock valued at $34,000 after acquiring an additional 1,391 shares during the last quarter. Bessemer Group Inc. acquired a new position in Enerpac Tool Group in the 1st quarter valued at $51,000. PNC Financial Services Group Inc. raised its holdings in Enerpac Tool Group by 183.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock valued at $64,000 after acquiring an additional 1,902 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in Enerpac Tool Group by 180.5% in the 1st quarter. Captrust Financial Advisors now owns 3,537 shares of the company’s stock valued at $77,000 after acquiring an additional 2,276 shares during the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, CL King began coverage on Enerpac Tool Group in a report on Wednesday, October 25th. They issued a “buy” rating and a $35.00 price target for the company.
Enerpac Tool Group Trading Up 0.3 %
EPAC stock opened at $28.40 on Friday. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 34.22 and a beta of 1.30. The company has a quick ratio of 1.90, a current ratio of 2.40 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $27.58 and a 200-day simple moving average of $26.77. Enerpac Tool Group Corp. has a 52 week low of $22.94 and a 52 week high of $30.22.
Enerpac Tool Group (NYSE:EPAC – Get Free Report) last released its quarterly earnings data on Monday, October 16th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. The business had revenue of $160.61 million during the quarter. Enerpac Tool Group had a return on equity of 24.77% and a net margin of 7.78%. On average, equities research analysts expect that Enerpac Tool Group Corp. will post 1.71 EPS for the current year.
Enerpac Tool Group Company 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.
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