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

Principal Financial Group Inc. grew its position in Enerpac Tool Group Corp. (NYSE:EPAC) by 2.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,494 shares of the company’s stock after acquiring an additional 7,845 shares during the period. Principal Financial Group Inc. owned about 0.51% of Enerpac Tool Group worth $11,624,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Quarry LP grew its holdings in Enerpac Tool Group by 110.7% during the third quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after purchasing an additional 436 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Enerpac Tool Group in the third quarter valued at approximately $40,000. GAMMA Investing LLC lifted its position in shares of Enerpac Tool Group by 31.2% in the third quarter. GAMMA Investing LLC now owns 1,000 shares of the company’s stock valued at $42,000 after buying an additional 238 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Enerpac Tool Group during the 3rd quarter worth approximately $42,000. Finally, USA Financial Formulas increased its holdings in shares of Enerpac Tool Group by 15.5% during the 3rd quarter. USA Financial Formulas now owns 1,895 shares of the company’s stock worth $79,000 after acquiring an additional 254 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Enerpac Tool Group

In other news, Director E James Ferland, Jr. sold 1,938 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were 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 owns 86,047 shares of the company’s stock, valued at approximately $3,800,695.99. The trade was a 2.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Enerpac Tool Group Trading Down 1.9 %

Shares of Enerpac Tool Group stock opened at $41.38 on Monday. Enerpac Tool Group Corp. has a 1 year low of $28.25 and a 1 year high of $51.91. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 26.53 and a beta of 1.15. The business has a fifty day simple moving average of $46.75 and a two-hundred day simple moving average of $42.56. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.88 and a quick ratio of 2.31.

Enerpac Tool Group (NYSE:EPAC) last posted 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%. 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.