Enersys $ENS Position Increased by Principal Financial Group Inc.

Key Points

• Principal Financial Group Inc. increased its Enersys stake by 2.1% in the fourth quarter, buying an additional 10,486 shares and bringing its total holding to 500,385 shares worth about $73.4 million.
• Enersys reported better-than-expected quarterly earnings of $2.77 per share, topping estimates by $0.04, while revenue came in at $919.1 million, slightly below forecasts.
• Analysts remain generally positive on the stock, with five Buy ratings and one Hold, and a consensus price target of $180.25, even as the shares traded around $223.20.

Principal Financial Group Inc. boosted its stake in shares of Enersys (NYSE:ENS - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 500,385 shares of the industrial products company's stock after purchasing an additional 10,486 shares during the quarter. Principal Financial Group Inc. owned approximately 1.36% of Enersys worth $73,432,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Enersys in the third quarter valued at $25,000. Allworth Financial LP increased its holdings in shares of Enersys by 442.2% in the 3rd quarter. Allworth Financial LP now owns 244 shares of the industrial products company's stock worth $28,000 after acquiring an additional 199 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Enersys in the 3rd quarter worth about $47,000. EverSource Wealth Advisors LLC lifted its position in Enersys by 626.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 552 shares of the industrial products company's stock valued at $47,000 after purchasing an additional 476 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in Enersys by 105.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 491 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 252 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Enersys Trading Down 0.4%

Shares of NYSE:ENS opened at $223.20 on Friday. The company has a 50 day moving average of $182.29 and a 200-day moving average of $162.74. The firm has a market cap of $8.22 billion, a P/E ratio of 27.66, a P/E/G ratio of 1.24 and a beta of 1.17. Enersys has a twelve month low of $76.60 and a twelve month high of $226.78. The company has a current ratio of 2.75, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The industrial products company reported $2.77 EPS for the quarter, beating analysts' consensus estimates of $2.73 by $0.04. Enersys had a net margin of 8.37% and a return on equity of 21.27%. The business had revenue of $919.10 million for the quarter, compared to analyst estimates of $932.13 million. During the same quarter last year, the business earned $3.12 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. As a group, analysts anticipate that Enersys will post 10.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ENS shares. Weiss Ratings restated a "buy (b)" rating on shares of Enersys in a research report on Friday, April 24th. BTIG Research boosted their price objective on Enersys from $175.00 to $185.00 and gave the stock a "buy" rating in a research report on Thursday, February 5th. TD Cowen initiated coverage on Enersys in a report on Thursday, March 19th. They issued a "buy" rating and a $190.00 price objective for the company. Wall Street Zen downgraded Enersys from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 31st. Finally, Roth Mkm reiterated a "buy" rating and set a $208.00 price target (up from $164.00) on shares of Enersys in a research report on Tuesday, February 3rd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $180.25.

Enersys Profile

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company's product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.

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