Teacher Retirement System of Texas Sells 42,735 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Teacher Retirement System of Texas trimmed its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 84.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,952 shares of the company's stock after selling 42,735 shares during the quarter. Teacher Retirement System of Texas' holdings in Enerpac Tool Group were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Diversified Trust Co grew its position in shares of Enerpac Tool Group by 17.8% during the first quarter. Diversified Trust Co now owns 14,725 shares of the company's stock valued at $661,000 after purchasing an additional 2,225 shares in the last quarter. Bessemer Group Inc. lifted its stake in Enerpac Tool Group by 15.8% in the first quarter. Bessemer Group Inc. now owns 22,888 shares of the company's stock worth $1,027,000 after purchasing an additional 3,125 shares during the last quarter. Precision Wealth Strategies LLC lifted its stake in Enerpac Tool Group by 5.7% in the first quarter. Precision Wealth Strategies LLC now owns 13,113 shares of the company's stock worth $588,000 after purchasing an additional 703 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Enerpac Tool Group by 14.9% in the first quarter. Janney Montgomery Scott LLC now owns 7,051 shares of the company's stock worth $316,000 after purchasing an additional 917 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Enerpac Tool Group by 6.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,845 shares of the company's stock worth $307,000 after purchasing an additional 440 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

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 research note on Saturday, July 5th.

Enerpac Tool Group Trading Up 0.7%

Shares of EPAC traded up $0.26 on Tuesday, hitting $37.28. 378,113 shares of the stock traded hands, compared to its average volume of 341,014. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $2.02 billion, a P/E ratio of 22.87 and a beta of 1.16. The stock's 50 day moving average is $41.77 and its two-hundred day moving average is $42.64. Enerpac Tool Group Corp. has a 1 year low of $36.51 and a 1 year high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results on Monday, June 23rd. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.04. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The business had revenue of $158.66 million for the quarter, compared to the consensus estimate of $159.35 million. During the same quarter last year, the firm posted $0.47 EPS. As a group, sell-side analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

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.