Teacher Retirement System of Texas Sells 10,008 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Teacher Retirement System of Texas lessened its position in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 16.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 about 0.09% of Enerpac Tool Group worth $2,083,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in Enerpac Tool Group by 1,061.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock valued at $20,351,000 after purchasing an additional 452,641 shares during the last quarter. State Street Corp lifted its stake in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company's stock worth $100,263,000 after buying an additional 336,323 shares during the last quarter. Barclays PLC boosted its holdings in shares of Enerpac Tool Group by 321.7% during the 3rd quarter. Barclays PLC now owns 107,979 shares of the company's stock worth $4,524,000 after buying an additional 82,376 shares during the period. Edgestream Partners L.P. acquired a new position in Enerpac Tool Group in the 4th quarter valued at about $2,617,000. Finally, Swedbank AB bought a new position in Enerpac Tool Group in the 4th quarter valued at about $2,054,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

Shares of EPAC traded up $0.14 during midday trading on Monday, reaching $44.94. 537,196 shares of the stock were exchanged, compared to its average volume of 326,063. The stock's 50 day simple moving average is $44.98 and its 200 day simple moving average is $44.77. The company has a market cap of $2.43 billion, a P/E ratio of 27.40 and a beta of 1.18. Enerpac Tool Group Corp. has a twelve month low of $34.47 and a twelve month high of $51.91. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47.

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Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, hitting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. The business had revenue of $145.53 million during the quarter, compared to analysts' expectations of $139.80 million. On average, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analysts Set New Price Targets

Separately, CJS Securities began coverage on Enerpac Tool Group in a report on Friday, March 14th. They set an "outperform" rating and a $53.00 price objective 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, 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.