Earnest Partners LLC boosted its stake in shares of EnerSys (NYSE:ENS) by 0.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,408,235 shares of the industrial products company’s stock after purchasing an additional 10,581 shares during the period. Earnest Partners LLC’s holdings in EnerSys were worth $96,464,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in EnerSys by 178.7% in the first quarter. Principal Financial Group Inc. now owns 570,806 shares of the industrial products company’s stock worth $37,193,000 after acquiring an additional 365,977 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in shares of EnerSys in the 1st quarter valued at $18,496,000. Elk Creek Partners LLC acquired a new position in shares of EnerSys in the 1st quarter valued at $7,761,000. Northern Trust Corp grew its holdings in shares of EnerSys by 8.8% in the 2nd quarter. Northern Trust Corp now owns 984,879 shares of the industrial products company’s stock worth $67,465,000 after purchasing an additional 79,850 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of EnerSys by 68.3% in the 1st quarter. Royce & Associates LP now owns 181,861 shares of the industrial products company’s stock worth $11,850,000 after purchasing an additional 73,818 shares during the last quarter. 95.95% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on ENS shares. Sidoti set a $101.00 price objective on shares of EnerSys and gave the stock a “buy” rating in a report on Friday, May 17th. TheStreet lowered shares of EnerSys from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. Finally, Oppenheimer set a $78.00 target price on shares of EnerSys and gave the company a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $89.15.
Shares of NYSE:ENS opened at $65.33 on Friday. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 13.25, a P/E/G ratio of 1.17 and a beta of 1.59. The firm’s 50 day simple moving average is $59.96 and its 200 day simple moving average is $64.78. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.54 and a quick ratio of 1.67. EnerSys has a fifty-two week low of $53.56 and a fifty-two week high of $89.83.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.02). The firm had revenue of $780.20 million during the quarter, compared to analyst estimates of $819.86 million. EnerSys had a net margin of 5.58% and a return on equity of 17.13%. The business’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. Equities research analysts expect that EnerSys will post 5.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a $0.175 dividend. The ex-dividend date is Thursday, September 12th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.07%. EnerSys’s dividend payout ratio is 14.20%.
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.
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