American Century Companies Inc. Buys 188,053 Shares of EnerSys (NYSE:ENS)

American Century Companies Inc. boosted its stake in shares of EnerSys (NYSE:ENS) by 246.8% during the second quarter, Holdings Channel.com reports. The firm owned 264,247 shares of the industrial products company’s stock after purchasing an additional 188,053 shares during the quarter. American Century Companies Inc.’s holdings in EnerSys were worth $27,355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ENS. Norges Bank purchased a new stake in shares of EnerSys during the fourth quarter valued at about $46,747,000. Great Lakes Advisors LLC purchased a new stake in EnerSys during the second quarter valued at approximately $10,765,000. Allspring Global Investments Holdings LLC boosted its stake in EnerSys by 25,769.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 62,604 shares of the industrial products company’s stock valued at $6,481,000 after acquiring an additional 62,362 shares in the last quarter. Vanguard Group Inc. grew its holdings in EnerSys by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after purchasing an additional 60,021 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of EnerSys by 354.4% during the second quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after purchasing an additional 50,958 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Insider Buying and Selling at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the sale, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is owned by insiders.

EnerSys Stock Down 0.2 %

Shares of ENS stock opened at $101.00 on Thursday. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The firm has a market capitalization of $4.06 billion, a PE 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. The stock’s 50-day simple moving average is $100.79 and its 200-day simple moving average is $98.50.

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

EnerSys Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on ENS shares. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. BTIG Research lowered EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Roth Mkm began coverage on shares of EnerSys in a research report on Tuesday, August 27th. They issued a “buy” rating and a $120.00 price objective for the company. Finally, StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

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.