EnerSys (NYSE:ENS) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its position in shares of EnerSys (NYSE:ENS - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 696,441 shares of the industrial products company's stock after selling 56,617 shares during the quarter. Principal Financial Group Inc. owned about 1.75% of EnerSys worth $64,373,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of EnerSys during the fourth quarter worth about $47,000. Millburn Ridgefield Corp purchased a new position in EnerSys during the 3rd quarter worth approximately $88,000. Point72 Asset Management L.P. acquired a new stake in EnerSys during the 3rd quarter valued at approximately $125,000. CWM LLC boosted its holdings in shares of EnerSys by 48.6% in the 3rd quarter. CWM LLC now owns 1,479 shares of the industrial products company's stock valued at $151,000 after acquiring an additional 484 shares during the last quarter. Finally, KBC Group NV increased its stake in shares of EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock worth $172,000 after acquiring an additional 727 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

Insider Activity

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares of the company's stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ENS shares. StockNews.com upgraded shares of EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $117.50.

EnerSys Stock Performance

Shares of ENS traded down $0.60 during trading hours on Friday, hitting $102.09. The stock had a trading volume of 181,827 shares, compared to its average volume of 287,541. The firm has a 50-day moving average price of $95.75 and a 200 day moving average price of $97.41. EnerSys has a fifty-two week low of $88.50 and a fifty-two week high of $112.53. The firm has a market capitalization of $4.03 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 0.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, research analysts anticipate that EnerSys will post 9.99 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys's payout ratio is currently 11.88%.

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.