Principal Financial Group Inc. Acquires 7,845 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Principal Financial Group Inc. raised its holdings in Enerpac Tool Group Corp. (NYSE:EPAC) by 2.9% during the third quarter, HoldingsChannel.com reports. The fund owned 277,494 shares of the company’s stock after purchasing an additional 7,845 shares during the period. Principal Financial Group Inc.’s holdings in Enerpac Tool Group were worth $11,624,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of EPAC. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Enerpac Tool Group by 208.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock valued at $154,028,000 after purchasing an additional 2,726,293 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Enerpac Tool Group by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock valued at $58,874,000 after buying an additional 53,055 shares in the last quarter. Kennedy Capital Management LLC grew its stake in shares of Enerpac Tool Group by 22.6% during the first quarter. Kennedy Capital Management LLC now owns 594,327 shares of the company’s stock worth $21,194,000 after buying an additional 109,463 shares during the last quarter. Leeward Investments LLC MA increased its holdings in shares of Enerpac Tool Group by 5.6% during the second quarter. Leeward Investments LLC MA now owns 300,522 shares of the company’s stock worth $11,474,000 after buying an additional 15,987 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Enerpac Tool Group by 137.5% during the second quarter. Sei Investments Co. now owns 179,662 shares of the company’s stock worth $6,859,000 after buying an additional 104,019 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Down 1.1 %

NYSE EPAC opened at $47.56 on Monday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 30.49 and a beta of 1.14. Enerpac Tool Group Corp. has a twelve month low of $27.06 and a twelve month high of $51.91. The company has a quick ratio of 2.31, a current ratio of 2.88 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average is $43.85 and its 200 day moving average is $40.69.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03). The firm had revenue of $158.71 million for the quarter, compared to analyst estimates of $156.70 million. Enerpac Tool Group had a net margin of 14.55% and a return on equity of 26.70%. During the same period in the previous year, the business posted $0.42 earnings per share. As a group, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.

Insider Buying and Selling

In other Enerpac Tool Group news, Director E James Ferland, Jr. sold 1,938 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the sale, the director now owns 86,047 shares in the company, valued at approximately $3,800,695.99. The trade was a 2.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by corporate insiders.

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.