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

Teacher Retirement System of Texas lowered its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 16.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 50,687 shares of the company’s stock after selling 10,008 shares during the period. Teacher Retirement System of Texas’ holdings in Enerpac Tool Group were worth $2,083,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Assetmark Inc. purchased a new position in shares of Enerpac Tool Group during the fourth quarter valued at approximately $29,000. Quarry LP boosted its holdings in Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after acquiring an additional 436 shares during the last quarter. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Enerpac Tool Group in the 3rd quarter worth $42,000. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $51,000. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Stock Performance

Shares of EPAC opened at $46.34 on Friday. The stock has a 50 day moving average of $44.96 and a 200 day moving average of $44.62. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 28.26 and a beta of 1.18. Enerpac Tool Group Corp. has a 12 month low of $34.47 and a 12 month high of $51.91. 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 (NYSE:EPAC) last announced its earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. As a group, sell-side analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

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

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.