State of New Jersey Common Pension Fund D Has $1.83 Million Position in Enerpac Tool Group Corp. (NYSE:EPAC)

State of New Jersey Common Pension Fund D cut its stake in Enerpac Tool Group Corp. (NYSE:EPAC) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,559 shares of the company’s stock after selling 4,010 shares during the period. State of New Jersey Common Pension Fund D owned 0.08% of Enerpac Tool Group worth $1,831,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. SkyView Investment Advisors LLC boosted its stake in shares of Enerpac Tool Group by 1.6% in the 3rd quarter. SkyView Investment Advisors LLC now owns 17,014 shares of the company’s stock valued at $713,000 after purchasing an additional 276 shares during the last quarter. Quarry LP lifted its holdings in Enerpac Tool Group by 110.7% in the third quarter. Quarry LP now owns 830 shares of the company’s stock valued at $35,000 after buying an additional 436 shares during the period. Glenmede Trust Co. NA boosted its stake in Enerpac Tool Group by 2.9% in the third quarter. Glenmede Trust Co. NA now owns 15,810 shares of the company’s stock valued at $662,000 after acquiring an additional 447 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Enerpac Tool Group by 0.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 147,284 shares of the company’s stock worth $6,170,000 after acquiring an additional 671 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at $42,000. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Stock Up 2.4 %

NYSE:EPAC opened at $46.35 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group Corp. has a 12-month low of $32.07 and a 12-month high of $51.91. The stock’s fifty day simple moving average is $43.87 and its 200-day simple moving average is $44.02. The firm has a market capitalization of $2.52 billion, a P/E ratio of 28.26 and a beta of 1.17.

Enerpac Tool Group (NYSE:EPAC) last issued its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. Equities research analysts expect 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.