Voya Investment Management LLC increased its stake in shares of Enersys (NYSE:ENS) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,623 shares of the industrial products company’s stock after acquiring an additional 1,426 shares during the quarter. Voya Investment Management LLC owned about 0.10% of Enersys worth $3,160,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Virtu KCG Holdings LLC increased its position in Enersys by 141.5% during the second quarter. Virtu KCG Holdings LLC now owns 12,261 shares of the industrial products company’s stock worth $888,000 after acquiring an additional 7,185 shares during the period. Hancock Holding Co. bought a new position in Enersys during the second quarter worth $431,000. Ramsey Quantitative Systems bought a new position in Enersys during the second quarter worth $280,000. Advisor Group Inc. increased its position in Enersys by 1.2% during the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 18 shares during the period. Finally, Nordea Investment Management AB increased its position in Enersys by 2.2% during the second quarter. Nordea Investment Management AB now owns 431,974 shares of the industrial products company’s stock worth $31,297,000 after acquiring an additional 9,370 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Enersys (NYSE ENS) opened at 67.97 on Friday. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 18.32 and a beta of 1.70. Enersys has a one year low of $61.33 and a one year high of $84.74. The firm has a 50-day moving average of $67.19 and a 200 day moving average of $73.32.
Enersys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). The firm had revenue of $622.60 million for the quarter, compared to the consensus estimate of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 EPS. Equities research analysts anticipate that Enersys will post $4.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, September 14th. Enersys’s payout ratio is 18.87%.
Enersys declared that its board has authorized a stock repurchase program on Wednesday, August 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts recently issued reports on the stock. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research lowered shares of Enersys from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $82.00 target price (down previously from $92.00) on shares of Enersys in a research report on Wednesday, August 9th. 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 report on Thursday, August 17th. Finally, ValuEngine lowered shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus 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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