Enerpac Tool Group Corp. (NYSE:EPAC) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 1,061.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 495,282 shares of the company's stock after purchasing an additional 452,641 shares during the period. Thrivent Financial for Lutherans owned about 0.91% of Enerpac Tool Group worth $20,351,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. bought a new position in Enerpac Tool Group during the 4th quarter worth approximately $29,000. Quarry LP raised its position in shares of Enerpac Tool Group by 110.7% during the 3rd quarter. Quarry LP now owns 830 shares of the company's stock valued at $35,000 after acquiring an additional 436 shares in the last quarter. First Horizon Advisors Inc. bought a new position in Enerpac Tool Group during the fourth quarter worth $36,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Enerpac Tool Group in the third quarter worth $42,000. Finally, Venturi Wealth Management LLC bought a new stake in Enerpac Tool Group during the fourth quarter valued at $51,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

Shares of NYSE EPAC traded up $3.72 during mid-day trading on Tuesday, hitting $47.10. The company had a trading volume of 693,781 shares, compared to its average volume of 312,113. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of 28.72 and a beta of 1.18. The firm's 50 day simple moving average is $44.75 and its two-hundred day simple moving average is $44.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. Enerpac Tool Group Corp. has a 12 month low of $34.47 and a 12 month high of $51.91.

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Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings results on Monday, March 24th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. 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, CJS Securities started coverage on shares of Enerpac Tool Group in a report on Friday, March 14th. They issued an "outperform" rating and a $53.00 price target for the company.

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.