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

Principal Financial Group Inc. cut its holdings in shares of Enersys (NYSE:ENS - Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 666,751 shares of the industrial products company's stock after selling 29,690 shares during the period. Principal Financial Group Inc. owned 1.69% of Enersys worth $61,061,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ENS. Norges Bank acquired a new stake in Enersys in the fourth quarter worth about $49,222,000. Millennium Management LLC raised its position in Enersys by 3,833.5% during the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after acquiring an additional 404,204 shares in the last quarter. Boston Partners raised its position in Enersys by 47.1% during the fourth quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock valued at $78,801,000 after acquiring an additional 270,726 shares in the last quarter. JPMorgan Chase & Co. raised its position in Enersys by 113.0% during the fourth quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock valued at $27,636,000 after acquiring an additional 158,617 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Enersys during the fourth quarter valued at approximately $11,713,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ENS shares. Roth Mkm reissued a "buy" rating and issued a $120.00 price objective on shares of Enersys in a report on Wednesday, May 14th. Roth Capital reissued a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Finally, Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th.

Insiders Place Their Bets

In other Enersys news, CEO Shawn M. O'connell bought 475 shares of Enersys stock in a transaction on Friday, May 30th. The shares were bought at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, the chief executive officer directly owned 43,030 shares of the company's stock, valued at $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Andrea J. Funk acquired 315 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the acquisition, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. This trade represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,085 shares of company stock worth $89,726 in the last 90 days. Company insiders own 0.91% of the company's stock.

Enersys Price Performance

ENS traded down $0.14 during trading on Tuesday, hitting $88.01. The company's stock had a trading volume of 481,816 shares, compared to its average volume of 320,402. The company has a current ratio of 2.70, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. Enersys has a twelve month low of $76.57 and a twelve month high of $112.53. The business's fifty day simple moving average is $88.48 and its 200 day simple moving average is $91.90. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 0.50 and a beta of 1.07.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.19. The firm had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. Enersys had a return on equity of 22.12% and a net margin of 10.05%. The business's revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.08 earnings per share. On average, equities research analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Friday, June 13th. Enersys's dividend payout ratio (DPR) is currently 10.65%.

About Enersys

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.