Deutsche Bank AG Boosts Stock Holdings in Enerpac Tool Group Corp. (NYSE:EPAC)

Deutsche Bank AG lifted its holdings in Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 45.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,568 shares of the company's stock after buying an additional 15,258 shares during the quarter. Deutsche Bank AG owned 0.09% of Enerpac Tool Group worth $1,996,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in Enerpac Tool Group by 1,061.5% during 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 last quarter. Wells Fargo & Company MN raised its stake in shares of Enerpac Tool Group by 1,931.9% during the 4th quarter. Wells Fargo & Company MN now owns 409,263 shares of the company's stock worth $16,817,000 after buying an additional 389,121 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Enerpac Tool Group by 230.6% in the 4th quarter. Ameriprise Financial Inc. now owns 535,310 shares of the company's stock worth $21,996,000 after buying an additional 373,372 shares in the last quarter. Cerity Partners LLC acquired a new stake in Enerpac Tool Group in the 4th quarter valued at about $8,338,000. Finally, Grandeur Peak Global Advisors LLC increased its holdings in Enerpac Tool Group by 1,197.5% during the 4th quarter. Grandeur Peak Global Advisors LLC now owns 208,385 shares of the company's stock valued at $8,563,000 after acquiring an additional 192,325 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Trading Up 2.9%

NYSE:EPAC traded up $1.22 on Tuesday, reaching $43.76. The stock had a trading volume of 159,842 shares, compared to its average volume of 329,563. Enerpac Tool Group Corp. has a 12-month low of $35.18 and a 12-month high of $51.91. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 26.68 and a beta of 1.20. The firm's fifty day moving average is $42.05 and its two-hundred day moving average is $44.15. 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 (NYSE:EPAC - Get Free Report) last announced its earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.39. The firm had revenue of $145.53 million for 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%. Equities analysts expect that Enerpac Tool Group Corp. will post 1.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EPAC. 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 on the stock. Wall Street Zen raised Enerpac Tool Group from a "hold" rating to a "buy" rating in a research note on Saturday.

Enerpac Tool Group Company 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.