Wells Fargo & Company MN boosted its position in EnerSys (NYSE:ENS) by 24.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 670,040 shares of the industrial products company’s stock after buying an additional 133,313 shares during the period. Wells Fargo & Company MN owned approximately 1.54% of EnerSys worth $46,347,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Advisor Group Inc. boosted its position in EnerSys by 1.2% in the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after buying an additional 18 shares during the last quarter. Teacher Retirement System of Texas boosted its position in EnerSys by 3.2% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,562 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 109 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in EnerSys by 7.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 122 shares in the last quarter. Capstone Asset Management Co. boosted its position in EnerSys by 4.1% in the 2nd quarter. Capstone Asset Management Co. now owns 4,363 shares of the industrial products company’s stock worth $316,000 after purchasing an additional 170 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in EnerSys by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 18,300 shares of the industrial products company’s stock worth $1,326,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 97.25% of the company’s stock.
Shares of EnerSys (NYSE ENS) opened at $67.58 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.43 and a quick ratio of 2.49. The company has a market capitalization of $2,846.80, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 2.46 and a beta of 1.68. EnerSys has a 52-week low of $61.33 and a 52-week high of $84.74.
EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $603.54 million. EnerSys had a return on equity of 18.17% and a net margin of 6.64%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.15 EPS. sell-side analysts forecast that EnerSys will post 4.58 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Thursday, December 14th. EnerSys’s payout ratio is 19.07%.
EnerSys declared that its Board of Directors has authorized a stock buyback program on Wednesday, November 8th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Several equities research analysts have commented on the company. Sidoti upgraded EnerSys from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Thursday, August 17th. BidaskClub lowered EnerSys from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Zacks Investment Research lowered EnerSys from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Oppenheimer restated a “buy” rating and issued a $77.00 price objective on shares of EnerSys in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. EnerSys currently has a consensus rating of “Hold” and an average price target of $80.00.
In other news, insider Todd M. Sechrist sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $66.50, for a total transaction of $498,750.00. Following the completion of the transaction, the insider now directly owns 61,182 shares of the company’s stock, valued at approximately $4,068,603. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.40% of the company’s stock.
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EnerSys Company Profile
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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