Principal Financial Group Inc. Has $26.93 Million Position in Enersys (ENS)
Principal Financial Group Inc. boosted its stake in shares of Enersys (NYSE:ENS) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 389,283 shares of the industrial products company’s stock after acquiring an additional 1,008 shares during the quarter. Principal Financial Group Inc. owned 0.90% of Enersys worth $26,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its holdings in Enersys by 29.2% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,385 shares of the industrial products company’s stock valued at $1,984,000 after acquiring an additional 6,192 shares during the period. Oppenheimer Asset Management Inc. boosted its holdings in Enersys by 12.4% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 25,808 shares of the industrial products company’s stock valued at $1,870,000 after acquiring an additional 2,846 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in Enersys by 100.0% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 33,200 shares of the industrial products company’s stock valued at $2,405,000 after acquiring an additional 16,600 shares during the period. Vanguard Group Inc. boosted its holdings in Enersys by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock valued at $275,907,000 after acquiring an additional 97,319 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in Enersys by 135.5% during the 2nd quarter. Gotham Asset Management LLC now owns 137,313 shares of the industrial products company’s stock valued at $9,948,000 after acquiring an additional 79,017 shares during the period. Institutional investors own 96.93% of the company’s stock.
Several equities research analysts have weighed in on ENS shares. BidaskClub cut Enersys from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded Enersys from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $82.00 price objective (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Thursday, August 17th. Finally, ValuEngine cut Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $80.00.
Shares of Enersys (ENS) opened at $67.14 on Monday. Enersys has a fifty-two week low of $61.33 and a fifty-two week high of $84.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.43 and a quick ratio of 2.49. The firm has a market capitalization of $2,828.27, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.70.
Enersys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.01. Enersys had a return on equity of 18.17% and a net margin of 6.64%. The business had revenue of $617.30 million during the quarter, compared to analysts’ expectations of $603.54 million. During the same quarter last year, the business posted $1.15 EPS. The business’s revenue was up 7.2% on a year-over-year basis. sell-side analysts forecast that Enersys will post 4.58 earnings per share for the current year.
Enersys declared that its Board of Directors has initiated a stock repurchase program on Wednesday, August 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, December 14th. Enersys’s dividend payout ratio (DPR) is currently 19.07%.
In other news, insider Todd M. Sechrist sold 7,500 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $66.50, for a total value of $498,750.00. Following the completion of the transaction, the insider now owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.
Enersys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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