State of Wisconsin Investment Board increased its position in shares of Enersys (NYSE:ENS) by 7.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,000 shares of the industrial products company’s stock after acquiring an additional 7,856 shares during the quarter. State of Wisconsin Investment Board owned approximately 0.25% of Enersys worth $7,609,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Enersys by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock valued at $275,907,000 after purchasing an additional 97,319 shares during the last quarter. Boston Partners boosted its holdings in shares of Enersys by 47.8% in the 2nd quarter. Boston Partners now owns 2,676,099 shares of the industrial products company’s stock valued at $193,884,000 after purchasing an additional 866,056 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Enersys in the 2nd quarter valued at $116,256,000. State Street Corp boosted its holdings in shares of Enersys by 2.4% in the 2nd quarter. State Street Corp now owns 1,467,084 shares of the industrial products company’s stock valued at $106,289,000 after purchasing an additional 34,872 shares during the last quarter. Finally, Earnest Partners LLC boosted its holdings in shares of Enersys by 12.7% in the 2nd quarter. Earnest Partners LLC now owns 1,345,647 shares of the industrial products company’s stock valued at $97,492,000 after purchasing an additional 151,963 shares during the last quarter. Hedge funds and other institutional investors own 93.07% of the company’s stock.
In related news, insider Todd M. Sechrist sold 7,500 shares of Enersys stock in a transaction on Monday, November 13th. The shares were sold at an average price of $66.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 61,182 shares in the company, valued at approximately $4,068,603. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.
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Enersys (ENS) opened at $67.14 on Friday. The firm has a market cap of $2,828.27, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 2.45 and a beta of 1.70. Enersys has a 1-year low of $61.33 and a 1-year high of $84.74. The company has a quick ratio of 2.49, a current ratio of 3.43 and a debt-to-equity ratio of 0.64.
Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.01. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $603.54 million. Enersys had a net margin of 6.64% and a return on equity of 18.17%. Enersys’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the business earned $1.15 EPS. equities research analysts expect that Enersys will post 4.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.04%. Enersys’s payout ratio is 19.07%.
Enersys declared that its board has authorized a stock buyback plan 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 reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
ENS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Enersys from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. ValuEngine lowered shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $77.00 price target (down previously from $82.00) on shares of Enersys in a report on Wednesday, November 1st. Finally, Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Enersys has an average rating of “Hold” and a consensus price target of $80.00.
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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