Earnest Partners LLC Purchases 10,581 Shares of EnerSys (NYSE:ENS)

Earnest Partners LLC raised its stake in EnerSys (NYSE:ENS) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,408,235 shares of the industrial products company’s stock after purchasing an additional 10,581 shares during the quarter. Earnest Partners LLC owned 3.31% of EnerSys worth $96,464,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ENS. NumerixS Investment Technologies Inc boosted its stake in shares of EnerSys by 50.0% during the first quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the industrial products company’s stock worth $114,000 after buying an additional 600 shares during the period. Exane Derivatives purchased a new position in EnerSys in the second quarter valued at about $124,000. First Interstate Bank increased its holdings in EnerSys by 21.7% in the second quarter. First Interstate Bank now owns 2,805 shares of the industrial products company’s stock valued at $192,000 after buying an additional 500 shares in the last quarter. First Mercantile Trust Co. increased its holdings in EnerSys by 87.0% in the second quarter. First Mercantile Trust Co. now owns 2,828 shares of the industrial products company’s stock valued at $194,000 after buying an additional 1,316 shares in the last quarter. Finally, Oakbrook Investments LLC purchased a new position in EnerSys in the second quarter valued at about $202,000. 95.95% of the stock is owned by hedge funds and other institutional investors.

NYSE ENS opened at $65.33 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.67 and a current ratio of 2.54. The company has a 50-day simple moving average of $59.96 and a 200-day simple moving average of $64.78. The firm has a market capitalization of $2.69 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. EnerSys has a one year low of $53.56 and a one year high of $89.83.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.02). The firm had revenue of $780.20 million for the quarter, compared to analyst estimates of $819.86 million. EnerSys had a net margin of 5.58% and a return on equity of 17.13%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 earnings per share. Equities analysts forecast that EnerSys will post 5.39 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Thursday, September 12th. EnerSys’s payout ratio is 14.20%.

ENS has been the subject of a number of research analyst reports. TheStreet cut shares of EnerSys from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Oppenheimer set a $78.00 price target on shares of EnerSys and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Sidoti set a $101.00 price target on shares of EnerSys and gave the stock a “buy” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $89.15.

About EnerSys

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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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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