Teacher Retirement System of Texas Increases Stake in Enerpac Tool Group Corp. $EPAC

Key Points

• Teacher Retirement System of Texas raised its stake in Enerpac Tool Group (NYSE:EPAC) by 39.8% in the fourth quarter, adding 42,442 shares to hold 149,139 shares (~$5.70M), or about 0.28% of the company.
• Multiple other institutions — including Cooke & Bieler, Tudor Investment and Capital International — also materially increased positions, and institutional investors now own 97.70% of EPAC.
• Enerpac has a market cap of $1.81B and reported quarterly EPS of $0.39 (meeting estimates) with revenue above expectations, but analysts maintain an average rating of Hold and an average price target of $51.

Teacher Retirement System of Texas lifted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,139 shares of the company's stock after acquiring an additional 42,442 shares during the period. Teacher Retirement System of Texas owned 0.28% of Enerpac Tool Group worth $5,703,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Tudor Investment Corp ET AL raised its holdings in Enerpac Tool Group by 58.0% in the third quarter. Tudor Investment Corp ET AL now owns 167,029 shares of the company's stock valued at $6,848,000 after buying an additional 61,337 shares during the period. Cooke & Bieler LP raised its holdings in Enerpac Tool Group by 46.2% in the third quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company's stock valued at $63,386,000 after buying an additional 488,209 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Enerpac Tool Group by 627.5% in the third quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company's stock valued at $1,482,000 after buying an additional 31,188 shares during the period. Capital International Investors raised its holdings in Enerpac Tool Group by 9.8% in the third quarter. Capital International Investors now owns 4,530,064 shares of the company's stock valued at $185,733,000 after buying an additional 403,834 shares during the period. Finally, Thrivent Financial for Lutherans raised its holdings in Enerpac Tool Group by 4.7% in the third quarter. Thrivent Financial for Lutherans now owns 1,136,844 shares of the company's stock valued at $46,610,000 after buying an additional 50,645 shares during the period. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Trading Down 0.1%

EPAC opened at $35.18 on Monday. The firm has a market capitalization of $1.81 billion, a P/E ratio of 21.99 and a beta of 0.99. The firm's 50 day moving average is $37.48 and its 200-day moving average is $39.09. Enerpac Tool Group Corp. has a 52-week low of $33.66 and a 52-week high of $46.39. The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.39. The company had revenue of $154.81 million for the quarter, compared to analyst estimates of $147.80 million. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. Analysts expect that Enerpac Tool Group Corp. will post 1.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on EPAC. Wall Street Zen upgraded shares of Enerpac Tool Group from a "hold" rating to a "buy" rating in a report on Saturday, March 28th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Enerpac Tool Group in a research note on Monday, December 29th. Finally, William Blair initiated coverage on shares of Enerpac Tool Group in a research note on Friday, January 16th. They set a "market perform" rating on the stock. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Enerpac Tool Group currently has an average rating of "Hold" and an average price target of $51.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.