Teacher Retirement System of Texas Has $357,000 Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Teacher Retirement System of Texas trimmed its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 84.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,952 shares of the company’s stock after selling 42,735 shares during the period. Teacher Retirement System of Texas’ holdings in Enerpac Tool Group were worth $357,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EPAC. Heck Capital Advisors LLC bought a new position in shares of Enerpac Tool Group in the fourth quarter worth about $99,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Enerpac Tool Group by 16.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company’s stock worth $120,000 after acquiring an additional 418 shares during the last quarter. State of Wyoming bought a new position in shares of Enerpac Tool Group in the fourth quarter worth about $201,000. Cibc World Markets Corp bought a new position in shares of Enerpac Tool Group in the fourth quarter worth about $209,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Enerpac Tool Group in the fourth quarter worth about $210,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Enerpac Tool Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 5th.

Enerpac Tool Group Stock Down 0.6%

Shares of NYSE EPAC opened at $38.31 on Friday. The company has a 50 day simple moving average of $41.77 and a 200 day simple moving average of $42.61. The firm has a market cap of $2.07 billion, a PE ratio of 23.50 and a beta of 1.16. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.90 and a quick ratio of 2.24.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The business had revenue of $158.66 million during the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. During the same quarter last year, the business earned $0.47 EPS. On average, research analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current 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.