Teacher Retirement System of Texas Acquires 98,482 Shares of Enerpac Tool Group Corp. $EPAC

Teacher Retirement System of Texas lifted its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 1,198.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,697 shares of the company’s stock after acquiring an additional 98,482 shares during the period. Teacher Retirement System of Texas owned approximately 0.20% of Enerpac Tool Group worth $4,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Elevation Point Wealth Partners LLC bought a new stake in Enerpac Tool Group in the 2nd quarter valued at $42,000. Simplex Trading LLC acquired a new position in shares of Enerpac Tool Group during the second quarter valued at about $75,000. State of Wyoming lifted its stake in shares of Enerpac Tool Group by 95.4% in the second quarter. State of Wyoming now owns 2,694 shares of the company’s stock valued at $109,000 after buying an additional 1,315 shares during the period. AdvisorNet Financial Inc bought a new stake in shares of Enerpac Tool Group in the third quarter valued at about $129,000. Finally, Laurel Wealth Advisors LLC grew its position in Enerpac Tool Group by 3,956.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,422 shares of the company’s stock worth $179,000 after buying an additional 4,313 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Performance

Shares of NYSE:EPAC opened at $39.83 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 2.14 and a debt-to-equity ratio of 0.42. Enerpac Tool Group Corp. has a 1-year low of $35.01 and a 1-year high of $47.47. The stock has a market capitalization of $2.10 billion, a P/E ratio of 23.85 and a beta of 1.01. The business has a 50-day moving average price of $39.14 and a two-hundred day moving average price of $40.12.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $144.21 million for the quarter, compared to analyst estimates of $146.45 million. Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.During the same quarter in the prior year, the firm earned $0.40 EPS. Equities analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on EPAC shares. Wall Street Zen cut Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. William Blair started coverage on Enerpac Tool Group in a research report on Friday, January 16th. They set a “market perform” rating on the stock. Roth Mkm set a $51.00 target price on Enerpac Tool Group and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $52.00.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.