Thrivent Financial for Lutherans Buys 50,645 Shares of Enerpac Tool Group Corp. $EPAC

Thrivent Financial for Lutherans grew its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 4.7% during the third quarter, HoldingsChannel reports. The firm owned 1,136,844 shares of the company’s stock after purchasing an additional 50,645 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Enerpac Tool Group were worth $46,610,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of EPAC. AlphaQuest LLC lifted its holdings in Enerpac Tool Group by 6,366.4% in the third quarter. AlphaQuest LLC now owns 8,277 shares of the company’s stock worth $339,000 after buying an additional 8,149 shares during the period. Summit Global Investments bought a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $245,000. Federated Hermes Inc. lifted its stake in shares of Enerpac Tool Group by 1.9% in the 3rd quarter. Federated Hermes Inc. now owns 33,677 shares of the company’s stock valued at $1,381,000 after purchasing an additional 633 shares during the period. Cooke & Bieler LP boosted its position in shares of Enerpac Tool Group by 46.2% during the third quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock valued at $63,386,000 after purchasing an additional 488,209 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its position in shares of Enerpac Tool Group by 627.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 36,158 shares of the company’s stock valued at $1,482,000 after purchasing an additional 31,188 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Enerpac Tool Group Stock Up 2.5%

NYSE:EPAC opened at $41.37 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.14 and a current ratio of 2.83. The firm has a market cap of $2.18 billion, a P/E ratio of 24.77 and a beta of 1.01. Enerpac Tool Group Corp. has a fifty-two week low of $35.01 and a fifty-two week high of $47.47. The firm has a 50-day simple moving average of $39.38 and a two-hundred day simple moving average of $40.20.

Enerpac Tool Group (NYSE:EPAC) last posted its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The firm had revenue of $144.21 million for the quarter, compared to analysts’ expectations of $146.45 million. During the same quarter in the previous year, the company earned $0.40 EPS. Analysts predict that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. Roth Mkm set a $51.00 price target on shares of Enerpac Tool Group and gave the company a “buy” rating in a research report on Monday, October 20th. William Blair began coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen lowered shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.00.

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.