Thrivent Financial for Lutherans Has $39.14 Million Position in Enerpac Tool Group Corp. $EPAC

Thrivent Financial for Lutherans cut its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,023,403 shares of the company’s stock after selling 113,441 shares during the quarter. Thrivent Financial for Lutherans owned 1.94% of Enerpac Tool Group worth $39,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp raised its position in shares of Enerpac Tool Group by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after buying an additional 479 shares in the last quarter. Danske Bank A S bought a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at approximately $45,000. Advisory Services Network LLC acquired a new position in Enerpac Tool Group during the 3rd quarter worth approximately $61,000. State of Wyoming increased its position in Enerpac Tool Group by 95.4% during the 2nd quarter. State of Wyoming now owns 2,694 shares of the company’s stock worth $109,000 after purchasing an additional 1,315 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new position in Enerpac Tool Group during the 3rd quarter worth approximately $222,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Trading Down 2.9%

Shares of NYSE EPAC opened at $33.65 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.88 and a current ratio of 2.56. Enerpac Tool Group Corp. has a 52-week low of $33.64 and a 52-week high of $45.68. The firm has a 50 day moving average price of $35.79 and a two-hundred day moving average price of $38.55. The stock has a market cap of $1.73 billion, a P/E ratio of 21.03 and a beta of 0.89.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The firm had revenue of $154.81 million during the quarter, compared to analysts’ expectations of $147.80 million. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts forecast that Enerpac Tool Group Corp. will post 1.89 EPS for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.