Thrivent Financial for Lutherans Raises Stake in Enerpac Tool Group Corp. (NYSE:EPAC)

Thrivent Financial for Lutherans raised its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 1,061.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495,282 shares of the company’s stock after acquiring an additional 452,641 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Enerpac Tool Group were worth $20,351,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of Enerpac Tool Group by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 25,219 shares of the company’s stock worth $1,056,000 after buying an additional 2,026 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter worth approximately $442,000. Charles Schwab Investment Management Inc. lifted its position in shares of Enerpac Tool Group by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock worth $26,033,000 after buying an additional 6,903 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Enerpac Tool Group by 22.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 73,793 shares of the company’s stock worth $3,091,000 after buying an additional 13,496 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Enerpac Tool Group by 16.5% during the 3rd quarter. FMR LLC now owns 86,040 shares of the company’s stock worth $3,604,000 after buying an additional 12,158 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Analyst Ratings Changes

Separately, CJS Securities assumed coverage on shares of Enerpac Tool Group in a research report on Friday, March 14th. They set an “outperform” rating and a $53.00 price objective for the company.

Enerpac Tool Group Stock Down 0.5 %

Shares of NYSE:EPAC opened at $43.34 on Friday. The firm has a 50 day simple moving average of $44.68 and a 200-day simple moving average of $44.45. The company has a market capitalization of $2.36 billion, a PE ratio of 26.43 and a beta of 1.18. Enerpac Tool Group Corp. has a twelve month low of $32.28 and a twelve month high of $51.91. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, December 18th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. On average, equities analysts predict that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

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.