Principal Financial Group Inc. Sells 56,617 Shares of EnerSys (NYSE:ENS)

Principal Financial Group Inc. reduced its stake in shares of EnerSys (NYSE:ENS) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 696,441 shares of the industrial products company’s stock after selling 56,617 shares during the quarter. Principal Financial Group Inc. owned 1.75% of EnerSys worth $64,373,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ENS. Global Alpha Capital Management Ltd. grew its position in EnerSys by 32.8% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company’s stock worth $2,792,000 after acquiring an additional 6,764 shares during the last quarter. Foundry Partners LLC bought a new position in EnerSys during the 3rd quarter valued at approximately $4,740,000. Citigroup Inc. lifted its holdings in EnerSys by 99.2% in the 3rd quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock worth $4,942,000 after buying an additional 24,123 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of EnerSys by 60.8% during 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. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of EnerSys by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock valued at $60,657,000 after acquiring an additional 9,337 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Up 0.5 %

ENS stock opened at $101.43 on Thursday. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The business has a 50 day moving average of $95.58 and a 200 day moving average of $97.37. EnerSys has a twelve month low of $88.50 and a twelve month high of $112.53. The firm has a market cap of $4.00 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating 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%. On average, research analysts forecast that EnerSys will post 9.96 EPS for the current fiscal year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, March 14th. EnerSys’s dividend payout ratio is currently 11.88%.

Insider Transactions at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction dated 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 owns 206,724 shares in the company, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

ENS has been the subject of several research analyst reports. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer upgraded shares of 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 equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EnerSys currently has a consensus rating of “Buy” and a consensus target price of $117.50.

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.