Weir Group plc (The) ( (GB:WEIR) ) just unveiled an announcement.
Principal Global Investors, LLC, an investment adviser registered in the United States, has acquired a 5.14% voting stake in Weir Group PLC, amounting to 13,343,555 ordinary shares. This acquisition signifies a notable investment in the company, potentially impacting its market dynamics and stakeholder interests by increasing the influence of a major US-based investment entity in its shareholder structure.
More about Weir Group plc (The)
Weir Group PLC is a UK-based company operating in the engineering industry, primarily focusing on the design and manufacture of highly engineered products and services for the minerals, oil and gas, and power sectors. The company is known for its innovative solutions and has a significant market presence globally.
YTD Price Performance: 8.70%
Average Trading Volume: 693,584
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £6.12B
Learn more about WEIR stock on TipRanks’ Stock Analysis page.