Enerpac Tool Group Corp. (NYSE:EPAC) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 84.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

A number of other institutional investors have also recently made changes to their positions in EPAC. Thrivent Financial for Lutherans raised its stake in shares of 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 buying an additional 452,641 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Enerpac Tool Group by 1,931.9% during the 4th quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock valued at $16,817,000 after buying an additional 389,121 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Enerpac Tool Group by 230.6% during the 4th quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock valued at $21,996,000 after buying an additional 373,372 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of Enerpac Tool Group during the 4th quarter valued at about $8,338,000. Finally, Grandeur Peak Global Advisors LLC raised its stake in shares of Enerpac Tool Group by 1,197.5% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company's stock valued at $8,563,000 after buying an additional 192,325 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Stock Performance

NYSE EPAC traded down $0.25 during trading hours on Friday, hitting $38.31. 493,912 shares of the stock were exchanged, compared to its average volume of 340,318. The company has a market cap of $2.07 billion, a price-to-earnings ratio of 23.50 and a beta of 1.16. Enerpac Tool Group Corp. has a 12-month low of $36.51 and a 12-month high of $51.91. The stock has a 50-day moving average of $41.77 and a 200 day moving average of $42.62. The company has a quick ratio of 2.24, a current ratio of 2.90 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its earnings results 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. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. The company had revenue of $158.66 million during the quarter, compared to analysts' expectations of $159.35 million. During the same period last year, the company posted $0.47 earnings per share. As a group, equities research analysts forecast that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Enerpac Tool Group from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 5th.

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.