WCM Investment Management CA decreased its holdings in EnerSys (NYSE:ENS) by 30.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,985 shares of the industrial products company’s stock after selling 35,236 shares during the quarter. WCM Investment Management CA owned 0.19% of EnerSys worth $5,895,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Wells Fargo & Company MN increased its position in EnerSys by 18.6% in the 1st quarter. Wells Fargo & Company MN now owns 793,048 shares of the industrial products company’s stock valued at $55,013,000 after buying an additional 124,118 shares in the last quarter. Aperio Group LLC boosted its stake in EnerSys by 9.8% during the 1st quarter. Aperio Group LLC now owns 20,545 shares of the industrial products company’s stock valued at $1,425,000 after purchasing an additional 1,830 shares during the last quarter. Stevens Capital Management LP acquired a new position in EnerSys during the 1st quarter valued at about $348,000. US Bancorp DE boosted its stake in EnerSys by 55.7% during the 1st quarter. US Bancorp DE now owns 19,384 shares of the industrial products company’s stock valued at $1,345,000 after purchasing an additional 6,938 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in EnerSys by 1.1% during the 1st quarter. BlackRock Inc. now owns 4,462,477 shares of the industrial products company’s stock valued at $309,562,000 after purchasing an additional 48,836 shares during the last quarter. Institutional investors own 95.97% of the company’s stock.
In related news, insider Holger P. Aschke sold 4,545 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $77.13, for a total value of $350,555.85. Following the transaction, the insider now owns 38,294 shares in the company, valued at $2,953,616.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Holger P. Aschke sold 3,915 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $77.00, for a total value of $301,455.00. Following the completion of the transaction, the insider now owns 38,294 shares in the company, valued at approximately $2,948,638. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,920 shares of company stock worth $1,732,714. 1.50% of the stock is owned by company insiders.
Shares of NYSE ENS traded down $1.13 during midday trading on Friday, reaching $79.92. The company’s stock had a trading volume of 266,581 shares, compared to its average volume of 206,628. EnerSys has a 12-month low of $62.85 and a 12-month high of $89.23. The company has a market capitalization of $3.67 billion, a PE ratio of 17.19, a PEG ratio of 1.72 and a beta of 1.46. The company has a quick ratio of 2.46, a current ratio of 3.33 and a debt-to-equity ratio of 0.50.
EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.17. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. The firm had revenue of $670.90 million for the quarter, compared to the consensus estimate of $649.63 million. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect 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 paid a $0.175 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.70 annualized dividend and a yield of 0.88%. EnerSys’s payout ratio is 15.05%.
A number of equities analysts have issued reports on ENS shares. Zacks Investment Research downgraded EnerSys from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. ValuEngine upgraded EnerSys from a “hold” rating to a “buy” rating in a research note on Monday, September 24th. Citigroup lifted their price target on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, October 4th. Oppenheimer lifted their price target on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, October 4th. Finally, Sidoti boosted their target price on EnerSys from $93.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. EnerSys currently has a consensus rating of “Buy” and an average target price of $98.50.
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.
See Also: Earnings Per Share
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