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

Principal Financial Group Inc. lifted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 277,494 shares of the company’s stock after purchasing an additional 7,845 shares during the period. Principal Financial Group Inc. owned 0.51% of Enerpac Tool Group worth $11,624,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Enerpac Tool Group by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after purchasing an additional 238 shares during the last quarter. XTX Topco Ltd lifted its position in shares of Enerpac Tool Group by 3.5% in the second quarter. XTX Topco Ltd now owns 7,497 shares of the company’s stock valued at $286,000 after buying an additional 251 shares during the last quarter. USA Financial Formulas lifted its position in shares of Enerpac Tool Group by 15.5% in the third quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock valued at $79,000 after buying an additional 254 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Enerpac Tool Group by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 15,188 shares of the company’s stock worth $580,000 after acquiring an additional 312 shares during the period. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Enerpac Tool Group by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 27,300 shares of the company’s stock worth $1,042,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Insider Transactions at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of Enerpac Tool Group stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $44.17, for a total transaction of $85,601.46. Following the completion of the sale, the director now owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. This trade represents a 2.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Enerpac Tool Group Trading Down 1.1 %

Shares of Enerpac Tool Group stock opened at $47.56 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31. The business has a fifty day simple moving average of $43.85 and a two-hundred day simple moving average of $40.69. Enerpac Tool Group Corp. has a 1 year low of $27.06 and a 1 year high of $51.91. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 30.49 and a beta of 1.14.

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

About Enerpac Tool Group

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.