ClariVest Asset Management LLC cut its holdings in shares of Enersys (NYSE:ENS) by 18.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 44,700 shares of the industrial products company’s stock after selling 9,900 shares during the period. ClariVest Asset Management LLC owned approximately 0.10% of Enersys worth $3,092,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the stock. Advisor Group Inc. boosted its holdings in Enersys by 1.2% in the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after buying an additional 18 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Enersys by 3.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,562 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 109 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Enersys by 7.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 122 shares during the last quarter. First Midwest Bank Trust Division boosted its holdings in shares of Enersys by 2.0% during the 2nd quarter. First Midwest Bank Trust Division now owns 6,904 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 134 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in shares of Enersys by 4.1% during the 2nd quarter. Capstone Asset Management Co. now owns 4,363 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 96.93% of the company’s stock.
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Enersys (NYSE ENS) traded down $0.44 during midday trading on Tuesday, reaching $66.70. 158,700 shares of the company’s stock traded hands, compared to its average volume of 264,991. 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 has a one year low of $61.33 and a one year high of $84.74. The firm has a market capitalization of $2,890.00, a P/E ratio of 14.50, a PEG ratio of 2.45 and a beta of 1.70.
Enersys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.01. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The company had revenue of $617.30 million during the quarter, compared to the consensus estimate of $603.54 million. During the same quarter in the prior year, the firm posted $1.15 earnings per share. Enersys’s revenue for the quarter was up 7.2% on a year-over-year basis. sell-side analysts anticipate 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. Stockholders of record on Friday, December 15th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.05%. Enersys’s payout ratio is 19.02%.
Enersys declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
Several research firms have recently commented on ENS. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, August 17th. Zacks Investment Research raised Enersys from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $82.00 price target (down previously from $92.00) on shares of Enersys in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, ValuEngine downgraded shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Enersys has a consensus rating of “Hold” and an average target price of $80.00.
In related news, insider Todd M. Sechrist sold 7,500 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $66.50, for a total transaction of $498,750.00. Following the completion of the transaction, the insider now directly owns 61,182 shares of the company’s stock, valued at $4,068,603. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.
Enersys Company 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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