Enersys (ENS) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its stake in shares of Enersys (NYSE:ENS) by 20.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,023 shares of the industrial products company’s stock after selling 12,305 shares during the quarter. Martingale Asset Management L P owned about 0.11% of Enersys worth $3,407,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its position in shares of Enersys by 0.7% during the 2nd quarter. Wells Fargo & Company MN now owns 536,727 shares of the industrial products company’s stock worth $38,885,000 after purchasing an additional 3,569 shares in the last quarter. Eaton Vance Management boosted its position in shares of Enersys by 29.1% during the 2nd quarter. Eaton Vance Management now owns 114,135 shares of the industrial products company’s stock worth $8,269,000 after purchasing an additional 25,736 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of Enersys by 156.0% during the 2nd quarter. Schroder Investment Management Group now owns 19,200 shares of the industrial products company’s stock worth $1,390,000 after purchasing an additional 11,700 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in shares of Enersys by 56.9% during the 2nd quarter. Kennedy Capital Management Inc. now owns 250,074 shares of the industrial products company’s stock worth $18,118,000 after purchasing an additional 90,683 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Enersys by 323.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 18,108 shares of the industrial products company’s stock worth $1,312,000 after purchasing an additional 13,830 shares in the last quarter. 94.84% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on ENS shares. Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Thursday, August 17th. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $82.00 target price (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded shares of Enersys from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Thursday, June 1st. Finally, BidaskClub lowered shares of Enersys from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Enersys currently has an average rating of “Hold” and a consensus price target of $82.67.

Shares of Enersys (ENS) opened at 68.19 on Friday. The company has a 50 day moving average of $66.55 and a 200-day moving average of $74.58. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 18.38 and a beta of 1.66. Enersys has a 12-month low of $61.33 and a 12-month high of $84.74.

Enersys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.01). Enersys had a return on equity of 18.90% and a net margin of 6.86%. The business had revenue of $622.60 million for the quarter, compared to the consensus estimate of $615.77 million. During the same period in the previous year, the firm earned $1.14 EPS. The company’s revenue was up 3.7% on a year-over-year basis. Analysts predict that Enersys will post $4.67 EPS for the current year.

Enersys announced that its board has approved a stock repurchase program on Wednesday, August 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, September 14th. Enersys’s payout ratio is currently 18.87%.

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Enersys 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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Institutional Ownership by Quarter for Enersys (NYSE:ENS)

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