EnerSys (NYSE:ENS) Holdings Boosted by Principal Financial Group Inc.

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Principal Financial Group Inc. raised its position in EnerSys (NYSE:ENS) by 178.7% during the 1st quarter, Holdings Channel reports. The firm owned 570,806 shares of the industrial products company’s stock after acquiring an additional 365,977 shares during the period. Principal Financial Group Inc.’s holdings in EnerSys were worth $37,193,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Strs Ohio increased its holdings in EnerSys by 6.8% during the 4th quarter. Strs Ohio now owns 4,700 shares of the industrial products company’s stock valued at $364,000 after acquiring an additional 300 shares in the last quarter. Arizona State Retirement System increased its holdings in EnerSys by 1.1% during the 4th quarter. Arizona State Retirement System now owns 30,251 shares of the industrial products company’s stock valued at $2,348,000 after acquiring an additional 342 shares in the last quarter. Rhumbline Advisers increased its holdings in EnerSys by 63.3% during the 4th quarter. Rhumbline Advisers now owns 142,458 shares of the industrial products company’s stock valued at $11,056,000 after acquiring an additional 55,247 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in EnerSys during the 4th quarter valued at about $7,446,000. Finally, Rothschild & Co. Asset Management US Inc. increased its holdings in EnerSys by 5.3% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 129,954 shares of the industrial products company’s stock valued at $10,086,000 after acquiring an additional 6,538 shares in the last quarter. Institutional investors own 95.76% of the company’s stock.

Shares of EnerSys stock traded down $0.23 during mid-day trading on Wednesday, hitting $62.78. 1,436 shares of the stock were exchanged, compared to its average volume of 361,361. EnerSys has a twelve month low of $55.51 and a twelve month high of $89.83. The stock has a market capitalization of $2.73 billion, a P/E ratio of 12.74, a P/E/G ratio of 1.06 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.51 and a quick ratio of 1.68.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Thursday, May 16th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.42 by $0.01. EnerSys had a net margin of 5.71% and a return on equity of 17.04%. The company had revenue of $796.60 million for the quarter, compared to analysts’ expectations of $816.10 million. As a group, analysts forecast that EnerSys will post 5.8 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.175 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.70 annualized dividend and a dividend yield of 1.12%. EnerSys’s dividend payout ratio is presently 14.20%.

Several equities analysts have weighed in on the stock. Oppenheimer dropped their target price on shares of EnerSys from $94.00 to $87.00 and set an “outperform” rating for the company in a report on Friday, May 31st. ValuEngine cut shares of EnerSys from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. Sidoti set a $101.00 price target on shares of EnerSys and gave the stock a “buy” rating in a research note on Friday, May 17th. TheStreet cut shares of EnerSys from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Finally, Zacks Investment Research cut shares of EnerSys from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $90.95.

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EnerSys Company Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

Further Reading: How Do You Calculate Return on Investment (ROI)?

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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