Invesco Ltd. Buys 161,794 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Invesco Ltd. increased its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 574,894 shares of the company's stock after buying an additional 161,794 shares during the period. Invesco Ltd. owned about 1.06% of Enerpac Tool Group worth $23,622,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EPAC. Thrivent Financial for Lutherans lifted its position in Enerpac Tool Group by 1,061.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 495,282 shares of the company's stock worth $20,351,000 after purchasing an additional 452,641 shares during the period. Wells Fargo & Company MN increased its position in shares of Enerpac Tool Group by 1,931.9% in the fourth quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock worth $16,817,000 after acquiring an additional 389,121 shares in the last quarter. Cerity Partners LLC acquired a new stake in Enerpac Tool Group in the 4th quarter worth approximately $8,338,000. Norges Bank acquired a new position in Enerpac Tool Group in the 4th quarter valued at $6,533,000. Finally, Envestnet Asset Management Inc. lifted its position in Enerpac Tool Group by 1,018.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 142,267 shares of the company's stock worth $5,846,000 after acquiring an additional 129,543 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, CJS Securities started coverage on Enerpac Tool Group in a research report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price objective for the company.

Enerpac Tool Group Price Performance

Shares of EPAC stock traded up $0.78 during mid-day trading on Thursday, reaching $39.85. The company's stock had a trading volume of 47,535 shares, compared to its average volume of 331,326. The company has a market cap of $2.16 billion, a P/E ratio of 24.28 and a beta of 1.08. The firm's 50-day moving average is $43.07 and its two-hundred day moving average is $44.46. Enerpac Tool Group Corp. has a 1-year low of $35.12 and a 1-year high of $51.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Monday, March 24th. The company reported $0.39 earnings per share for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. The company had revenue of $145.53 million for the quarter, compared to analyst estimates of $139.80 million. On average, research 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.