American Century Companies Inc. Sells 113,553 Shares of Enersys $ENS

Key Points

• American Century Companies Inc. reduced its stake in Enersys by 26.5%, selling 113,553 shares, and now holds 315,515 shares valued at approximately $28.9 million.
• Institutional investors own 94.93% of Enersys stock, with several firms, including Dimensional Fund Advisors LP and Janus Henderson Group PLC, increasing their holdings in the company.
• Enersys announced an increase in its quarterly dividend to $0.2625 per share, reflecting an annualized dividend of $1.05 and a yield of 1.1%.

American Century Companies Inc. trimmed its stake in Enersys (NYSE:ENS - Free Report) by 26.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 315,515 shares of the industrial products company's stock after selling 113,553 shares during the period. American Century Companies Inc. owned about 0.80% of Enersys worth $28,895,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in Enersys by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock valued at $139,320,000 after acquiring an additional 43,615 shares during the period. Kovitz Investment Group Partners LLC grew its position in Enersys by 660.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 81,830 shares of the industrial products company's stock valued at $7,494,000 after acquiring an additional 71,065 shares during the period. Neuberger Berman Group LLC bought a new stake in Enersys in the first quarter valued at $216,000. Caitong International Asset Management Co. Ltd grew its position in Enersys by 2,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 338 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 325 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Enersys by 6.4% in the first quarter. Russell Investments Group Ltd. now owns 206,488 shares of the industrial products company's stock valued at $18,910,000 after acquiring an additional 12,511 shares during the period. 94.93% of the stock is currently owned by institutional investors.

Enersys Trading Up 0.5%

Shares of ENS traded up $0.49 during trading hours on Wednesday, hitting $102.43. 191,221 shares of the stock traded hands, compared to its average volume of 354,893. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. Enersys has a 1-year low of $76.57 and a 1-year high of $104.36. The firm has a market capitalization of $3.84 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. The business has a fifty day moving average of $91.93 and a 200-day moving average of $91.68.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The business had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. During the same quarter in the prior year, the firm posted $1.98 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Analysts expect that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Stockholders of record on Friday, September 12th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a dividend yield of 1.0%. This is a boost from Enersys's previous quarterly dividend of $0.24. The ex-dividend date of this dividend is Friday, September 12th. Enersys's payout ratio is currently 10.96%.

Insider Activity

In other news, CEO Shawn M. O'connell purchased 475 shares of the business's stock in a transaction dated Friday, May 30th. The shares were acquired at an average price of $83.76 per share, with a total value of $39,786.00. Following the completion of the purchase, the chief executive officer directly owned 43,030 shares of the company's stock, valued at $3,604,192.80. The trade was a 1.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.91% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ENS has been the topic of a number of recent analyst reports. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Wall Street Zen lowered Enersys from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. Roth Capital reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Tuesday, August 5th. Finally, Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $118.33.

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.