Principal Financial Group Inc. decreased its holdings in EnerSys (NYSE:ENS - Free Report) by 13.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 753,058 shares of the industrial products company's stock after selling 117,406 shares during the period. Principal Financial Group Inc. owned 1.89% of EnerSys worth $76,850,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Global Alpha Capital Management Ltd. boosted its holdings in shares of EnerSys by 32.8% in 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 purchasing an additional 6,764 shares during the period. Foundry Partners LLC purchased a new position in EnerSys during the third quarter worth $4,740,000. Citigroup Inc. increased its position in EnerSys by 99.2% during the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company's stock valued at $4,942,000 after acquiring an additional 24,123 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in shares of EnerSys in the 2nd quarter worth about $10,765,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of EnerSys by 60.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company's stock worth $1,595,000 after purchasing an additional 5,909 shares during the period. 94.93% of the stock is owned by institutional investors.
In other news, CEO David M. Shaffer sold 20,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares of the company's stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.61% of the company's stock.
Shares of NYSE:ENS opened at $92.46 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. The firm has a market cap of $3.68 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. The firm's 50 day simple moving average is $97.31 and its 200-day simple moving average is $100.18. EnerSys has a one year low of $86.41 and a one year high of $112.53.
EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same period in the previous year, the company posted $1.84 EPS. EnerSys's revenue was down 1.9% on a year-over-year basis. As a group, equities analysts predict that EnerSys will post 8.86 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.04%. EnerSys's dividend payout ratio is currently 13.60%.
ENS has been the subject of several analyst reports. Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Finally, Roth Capital upgraded EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $120.00.
Check Out Our Latest Stock Report on ENS
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.
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