Legal & General Group Plc raised its position in EnerSys (NYSE:ENS) by 11.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 67,868 shares of the industrial products company’s stock after purchasing an additional 6,883 shares during the period. Legal & General Group Plc owned about 0.16% of EnerSys worth $5,066,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Adviser Investments LLC purchased a new position in EnerSys during the first quarter worth about $103,000. Ifrah Financial Services Inc. purchased a new position in shares of EnerSys in the 2nd quarter worth about $210,000. Capital One National Association purchased a new position in shares of EnerSys in the 2nd quarter worth about $212,000. Bayesian Capital Management LP purchased a new position in shares of EnerSys in the 1st quarter worth about $236,000. Finally, HL Financial Services LLC acquired a new stake in shares of EnerSys in the second quarter valued at about $263,000. 95.97% of the stock is currently owned by institutional investors.
In related news, insider Holger P. Aschke sold 4,545 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $77.13, for a total transaction of $350,555.85. Following the completion of the transaction, the insider now owns 38,294 shares of the company’s stock, valued at approximately $2,953,616.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Myles Jones sold 13,460 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $80.29, for a total value of $1,080,703.40. Following the transaction, the insider now owns 49,102 shares in the company, valued at $3,942,399.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,920 shares of company stock valued at $1,732,714. Insiders own 1.50% of the company’s stock.
A number of research firms have recently issued reports on ENS. Zacks Investment Research upgraded EnerSys from a “sell” rating to a “hold” rating and set a $100.00 price objective for the company in a research note on Monday, October 8th. Sidoti lifted their target price on EnerSys from $93.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Oppenheimer lifted their target price on EnerSys from $86.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, October 4th. Citigroup raised their price target on EnerSys from $86.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, October 4th. Finally, ValuEngine raised EnerSys from a “hold” rating to a “buy” rating in a report on Monday, September 24th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $98.50.
Shares of ENS traded down $1.13 during midday trading on Friday, reaching $79.92. The stock had a trading volume of 266,581 shares, compared to its average volume of 206,628. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.46 and a current ratio of 3.33. The company has a market capitalization of $3.67 billion, a PE ratio of 17.19, a P/E/G ratio of 1.72 and a beta of 1.46. EnerSys has a 52 week low of $62.85 and a 52 week high of $89.23.
EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. The business had revenue of $670.90 million for the quarter, compared to the consensus estimate of $649.63 million. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. EnerSys’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 earnings per share. On average, equities research analysts forecast that EnerSys will post 5.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.70 dividend on an annualized basis and a yield of 0.88%. EnerSys’s payout ratio is 15.05%.
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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