Sterling Capital Management LLC lowered its holdings in Enersys (NYSE:ENS) by 11.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,850 shares of the industrial products company’s stock after selling 52,107 shares during the period. Sterling Capital Management LLC owned about 0.90% of Enersys worth $28,390,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Enersys by 17,956.9% in the 1st quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock worth $350,852,000 after purchasing an additional 4,419,908 shares during the last quarter. Vanguard Group Inc. grew its stake 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 worth $275,907,000 after purchasing an additional 97,319 shares during the last quarter. Boston Partners grew its stake 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 worth $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 worth approximately $116,256,000. Finally, State Street Corp grew its stake 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 worth $106,289,000 after purchasing an additional 34,872 shares during the last quarter. 94.46% of the stock is currently owned by institutional investors.
Enersys (ENS) traded down 0.28% on Thursday, hitting $68.42. 67,493 shares of the stock traded hands. The company’s 50 day moving average price is $66.76 and its 200-day moving average price is $73.45. The stock has a market capitalization of $2.97 billion, a P/E ratio of 18.44 and a beta of 1.70. Enersys has a 12-month low of $61.33 and a 12-month high of $84.74.
Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.01). The firm had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.14 earnings per share. Analysts predict that Enersys will post $4.67 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.02%. Enersys’s dividend payout ratio is 18.87%.
Enersys announced that its Board of Directors has authorized a share repurchase plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
ENS has been the topic of several recent research reports. ValuEngine cut shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a research report on Thursday, August 17th. Zacks Investment Research raised shares of Enersys from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $82.00 target price (down from $92.00) on shares of Enersys in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Enersys has a consensus rating of “Hold” and an average target price of $82.50.
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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