Principal Financial Group Inc. Cuts Stock Position in EnerSys (NYSE:ENS)

Principal Financial Group Inc. reduced its position in shares of EnerSys (NYSE:ENS - Free Report) by 13.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 753,058 shares of the industrial products company's stock after selling 117,406 shares during the quarter. Principal Financial Group Inc. owned 1.89% of EnerSys worth $76,850,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ENS. State Street Corp increased its position in shares of EnerSys by 0.9% during the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock valued at $150,502,000 after acquiring an additional 13,524 shares in the last quarter. Earnest Partners LLC boosted its stake in EnerSys by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company's stock valued at $120,978,000 after purchasing an additional 21,903 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of EnerSys by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company's stock worth $96,584,000 after purchasing an additional 11,384 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company's stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings in shares of EnerSys by 16.7% during the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company's stock valued at $66,919,000 after purchasing an additional 92,398 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ENS has been the subject of several research analyst reports. Roth Mkm reiterated a "buy" rating and issued a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. Roth Capital upgraded shares of EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded shares of EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $120.00.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares of the company's stock, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.61% of the stock is owned by insiders.

EnerSys Stock Performance

ENS stock traded down $0.05 during trading on Friday, reaching $92.46. The stock had a trading volume of 1,052,826 shares, compared to its average volume of 252,979. The stock's 50 day moving average is $97.31 and its two-hundred day moving average is $100.13. The firm has a market cap of $3.68 billion, a PE ratio of 13.10, a PEG ratio of 0.60 and a beta of 1.22. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS - Get Free Report) last issued 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. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million for the quarter, compared to analysts' expectations of $891.78 million. During the same quarter in the prior year, the business earned $1.84 EPS. The business's quarterly revenue was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.04%. EnerSys's dividend payout ratio (DPR) is 13.60%.

About EnerSys

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.