Principal Financial Group Inc. Sells 117,406 Shares of EnerSys (NYSE:ENS)

Principal Financial Group Inc. lowered its stake in EnerSys (NYSE:ENS - Free Report) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 753,058 shares of the industrial products company's stock after selling 117,406 shares during the quarter. Principal Financial Group Inc. owned about 1.87% of EnerSys worth $76,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ENS. Van ECK Associates Corp lifted its position in EnerSys by 4.5% in the third quarter. Van ECK Associates Corp now owns 10,582 shares of the industrial products company's stock worth $1,049,000 after purchasing an additional 457 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of EnerSys by 60.8% in the third quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company's stock valued at $1,595,000 after buying an additional 5,909 shares during the period. US Bancorp DE boosted its stake in EnerSys by 8.6% during the third quarter. US Bancorp DE now owns 5,990 shares of the industrial products company's stock valued at $611,000 after buying an additional 473 shares in the last quarter. Smith Group Asset Management LLC grew its holdings in EnerSys by 25.0% during the third quarter. Smith Group Asset Management LLC now owns 4,638 shares of the industrial products company's stock worth $473,000 after acquiring an additional 929 shares during the period. Finally, State of Alaska Department of Revenue raised its position in EnerSys by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 4,679 shares of the industrial products company's stock worth $477,000 after acquiring an additional 315 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Insider Buying and Selling at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares of the company's stock, valued at $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Chad C. Uplinger sold 500 shares of the company's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares of the company's stock, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company's stock, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $2,271,843 in the last 90 days. 1.61% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com cut shares of EnerSys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 15th. Roth Mkm reaffirmed a "buy" rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Finally, Roth Capital upgraded EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $118.00.

EnerSys Trading Up 1.8 %

Shares of ENS traded up $1.72 during midday trading on Friday, hitting $97.44. The stock had a trading volume of 400,031 shares, compared to its average volume of 209,899. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The business has a 50-day simple moving average of $99.79 and a two-hundred day simple moving average of $100.82. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.92 billion, a P/E ratio of 13.80, a price-to-earnings-growth ratio of 0.63 and a beta of 1.24.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.05. The firm had revenue of $883.70 million for the quarter, compared to analysts' expectations of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.25%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.84 EPS. As a group, equities analysts forecast that EnerSys will post 8.93 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 0.99%. EnerSys's payout ratio is presently 13.60%.

EnerSys Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.