Enerpac Tool Group Corp. (NYSE:EPAC) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC) by 3.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 287,271 shares of the company’s stock after purchasing an additional 9,777 shares during the quarter. Principal Financial Group Inc. owned about 0.53% of Enerpac Tool Group worth $11,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Enerpac Tool Group in the third quarter valued at $442,000. Quest Partners LLC bought a new stake in Enerpac Tool Group in the 3rd quarter valued at about $1,312,000. Geode Capital Management LLC boosted its stake in Enerpac Tool Group by 1.7% during 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 period. State Street Corp grew its position in Enerpac Tool Group by 16.3% in the 3rd quarter. State Street Corp now owns 2,393,472 shares of the company’s stock worth $100,263,000 after purchasing an additional 336,323 shares during the last quarter. Finally, Precision Wealth Strategies LLC acquired a new stake in shares of Enerpac Tool Group in the fourth quarter valued at approximately $510,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Stock Performance

Shares of NYSE EPAC opened at $45.39 on Friday. Enerpac Tool Group Corp. has a 12-month low of $32.07 and a 12-month high of $51.91. The company has a market cap of $2.47 billion, a PE ratio of 27.68 and a beta of 1.17. The stock has a 50 day simple moving average of $43.87 and a 200-day simple moving average of $44.04. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last announced its earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a net margin of 15.14% and a return on equity of 25.39%. On average, equities research analysts forecast that Enerpac Tool Group Corp. will post 1.78 EPS for the current year.

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.