Principal Financial Group Inc. lifted its position in Essendant Inc (NASDAQ:ESND) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,353 shares of the company’s stock after purchasing an additional 1,452 shares during the period. Principal Financial Group Inc.’s holdings in Essendant were worth $3,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in shares of Essendant in the 4th quarter worth about $37,000. Gabelli Funds LLC bought a new stake in shares of Essendant in the 4th quarter worth about $140,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Essendant in the 4th quarter worth about $157,000. United Services Automobile Association bought a new stake in shares of Essendant in the 3rd quarter worth about $178,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of Essendant in the 4th quarter worth about $193,000. 81.96% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on ESND shares. BidaskClub upgraded shares of Essendant from a “hold” rating to a “buy” rating in a report on Saturday, December 22nd. TheStreet lowered shares of Essendant from a “c” rating to a “d+” rating in a report on Friday, January 25th.
Shares of ESND opened at $12.80 on Wednesday. Essendant Inc has a 1-year low of $7.20 and a 1-year high of $17.08. The stock has a market cap of $481.79 million, a P/E ratio of 1,280.00 and a beta of 0.80. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.96 and a quick ratio of 0.98.
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Essendant Inc operates as a distributor of workplace items in the United States and internationally. It offers janitorial and sanitation supplies, breakroom items, foodservice consumables, safety and security items, and paper and packaging supplies. The company also provides technology products, such as computer accessories, imaging supplies, and data storage products; and computer hardware, including printers and other peripherals.
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