Principal Financial Group Inc. Purchases 9,777 Shares of Enerpac Tool Group Corp. (NYSE:EPAC)

Principal Financial Group Inc. raised its stake in shares of Enerpac Tool Group Corp. (NYSE:EPAC - Free Report) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,271 shares of the company's stock after purchasing an additional 9,777 shares during the period. Principal Financial Group Inc. owned 0.53% of Enerpac Tool Group worth $11,804,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in EPAC. State Street Corp boosted its stake in Enerpac Tool Group by 16.3% during the third quarter. State Street Corp now owns 2,393,472 shares of the company's stock valued at $100,263,000 after buying an additional 336,323 shares during the last quarter. Barclays PLC raised its stake in Enerpac Tool Group by 321.7% during the third quarter. Barclays PLC now owns 107,979 shares of the company's stock valued at $4,524,000 after purchasing an additional 82,376 shares in the last quarter. Swedbank AB bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth about $2,054,000. Quest Partners LLC purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at about $1,312,000. Finally, HighTower Advisors LLC purchased a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at about $1,201,000. Hedge funds and other institutional investors own 97.70% of the company's stock.

Enerpac Tool Group Trading Down 3.2 %

EPAC stock traded down $1.47 during midday trading on Monday, reaching $44.80. 227,101 shares of the company traded hands, compared to its average volume of 317,178. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 27.32 and a beta of 1.17. Enerpac Tool Group Corp. has a 52-week low of $32.07 and a 52-week high of $51.91. The business has a 50 day moving average of $43.91 and a 200-day moving average of $44.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92.

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Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly 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 25.39% and a net margin of 15.14%. As a group, sell-side analysts expect that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current fiscal 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.