Principal Financial Group Inc. Raises Position in EnerSys (ENS)
Principal Financial Group Inc. boosted its position in shares of EnerSys (NYSE:ENS) by 26.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 592,043 shares of the company’s stock after buying an additional 123,263 shares during the period. Principal Financial Group Inc. owned 1.37% of EnerSys worth $35,209,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in shares of EnerSys by 6.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,523,061 shares of the company’s stock worth $90,569,000 after buying an additional 87,132 shares in the last quarter. Acrospire Investment Management LLC boosted its position in shares of EnerSys by 26.3% in the second quarter. Acrospire Investment Management LLC now owns 2,400 shares of the company’s stock worth $143,000 after buying an additional 500 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of EnerSys by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,204 shares of the company’s stock worth $369,000 after buying an additional 755 shares in the last quarter. Oak Associates Ltd. OH boosted its position in shares of EnerSys by 11.7% in the second quarter. Oak Associates Ltd. OH now owns 37,937 shares of the company’s stock worth $2,256,000 after buying an additional 3,970 shares in the last quarter. Finally, First Interstate Bank boosted its position in shares of EnerSys by 13.1% in the second quarter. First Interstate Bank now owns 3,420 shares of the company’s stock worth $203,000 after buying an additional 395 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.
EnerSys (NYSE:ENS) traded up 1.04% during trading on Wednesday, reaching $67.99. The company had a trading volume of 36,600 shares. EnerSys has a one year low of $42.60 and a one year high of $73.12. The company has a market capitalization of $2.95 billion, a PE ratio of 22.95 and a beta of 1.52. The firm’s 50 day moving average is $68.51 and its 200 day moving average is $61.59.
EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.04. The firm earned $600.60 million during the quarter, compared to analyst estimates of $599.28 million. EnerSys had a return on equity of 17.71% and a net margin of 5.62%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.00 earnings per share. On average, equities research analysts predict that EnerSys will post $4.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, September 14th. EnerSys’s dividend payout ratio (DPR) is 23.65%.
A number of equities analysts recently weighed in on the company. Maxim Group raised their price objective on EnerSys from $74.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 12th. Zacks Investment Research raised EnerSys from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Wednesday, May 25th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. EnerSys has a consensus rating of “Buy” and an average target price of $71.33.
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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