Principal Financial Group Inc. lifted its position in shares of Enerpac Tool Group Corp. (NYSE:EPAC – Free Report) by 2.9% in the third quarter, HoldingsChannel.com reports. The fund owned 277,494 shares of the company’s stock after buying 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.
Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC grew its position in Enerpac Tool Group by 208.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,034,256 shares of the company’s stock valued at $154,028,000 after acquiring an additional 2,726,293 shares during the last quarter. State Street Corp grew its holdings in shares of Enerpac Tool Group by 16.3% during the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company’s stock valued at $100,263,000 after purchasing an additional 336,323 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Enerpac Tool Group by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,542,000 shares of the company’s stock worth $58,874,000 after purchasing an additional 53,055 shares in the last quarter. Geode Capital Management LLC lifted its stake in Enerpac Tool Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,236,259 shares of the company’s stock valued at $51,797,000 after purchasing an additional 21,056 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Enerpac Tool Group by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 621,456 shares of the company’s stock valued at $26,033,000 after buying an additional 6,903 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.
Enerpac Tool Group Stock Down 1.9 %
Shares of NYSE:EPAC opened at $41.38 on Monday. Enerpac Tool Group Corp. has a 52-week low of $28.25 and a 52-week high of $51.91. The company has a market capitalization of $2.25 billion, a PE ratio of 26.53 and a beta of 1.15. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.31 and a current ratio of 2.88. The company has a fifty day moving average of $46.75 and a 200-day moving average of $42.56.
Enerpac Tool Group (NYSE:EPAC – Get Free Report) last issued its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 26.70% and a net margin of 14.55%. On average, equities analysts predict that Enerpac Tool Group Corp. will post 1.81 EPS for the current fiscal year.
Insider Activity at Enerpac Tool Group
In related news, Director E James Ferland, Jr. sold 1,938 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total value of $85,601.46. Following the completion of the sale, the director now directly owns 86,047 shares in the company, valued at $3,800,695.99. This represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.
Enerpac Tool Group Profile
(Free Report)
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.
See Also
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