American Century Companies Inc. Raises Holdings in EnerSys (NYSE:ENS)

American Century Companies Inc. increased its position in EnerSys (NYSE:ENS) by 246.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,247 shares of the industrial products company’s stock after buying an additional 188,053 shares during the period. American Century Companies Inc. owned 0.66% of EnerSys worth $27,355,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of EnerSys by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after acquiring an additional 60,021 shares during the last quarter. Janus Henderson Group PLC lifted its position in EnerSys by 1.1% during the first quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock valued at $123,412,000 after purchasing an additional 14,531 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of EnerSys by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock worth $84,512,000 after buying an additional 32,730 shares in the last quarter. Norges Bank bought a new stake in shares of EnerSys in the 4th quarter worth about $46,747,000. Finally, Allianz Asset Management GmbH raised its position in shares of EnerSys by 0.7% during the 4th quarter. Allianz Asset Management GmbH now owns 315,932 shares of the industrial products company’s stock valued at $31,896,000 after buying an additional 2,105 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th. Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm started coverage on EnerSys in a research report on Tuesday, August 27th. They issued a “buy” rating and a $120.00 price target for the company. Finally, BTIG Research cut shares of EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Price Performance

Shares of ENS stock opened at $101.00 on Thursday. The stock has a 50 day moving average price of $100.79 and a 200 day moving average price of $98.50. The firm has a market capitalization of $4.06 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The firm had revenue of $852.90 million for the quarter, compared to analysts’ expectations of $877.52 million. During the same period in the prior year, the business posted $1.89 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. As a group, sell-side analysts predict that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Monday, September 16th. This is an increase from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is currently 14.77%.

Insider Activity at EnerSys

In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the sale, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,700 shares of company stock worth $2,271,843. Company insiders own 1.61% of the company’s stock.

EnerSys Company 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.