Prudential Financial Inc. lowered its stake in shares of EnerSys (NYSE:ENS) by 71.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,009 shares of the industrial products company’s stock after selling 157,979 shares during the period. Prudential Financial Inc. owned approximately 0.15% of EnerSys worth $4,316,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in ENS. Principal Financial Group Inc. lifted its holdings in shares of EnerSys by 178.7% during the 1st quarter. Principal Financial Group Inc. now owns 570,806 shares of the industrial products company’s stock valued at $37,193,000 after purchasing an additional 365,977 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of EnerSys during the 1st quarter valued at about $18,496,000. Elk Creek Partners LLC bought a new position in shares of EnerSys during the 1st quarter valued at about $7,761,000. Royce & Associates LP lifted its holdings in shares of EnerSys by 68.3% during the 1st quarter. Royce & Associates LP now owns 181,861 shares of the industrial products company’s stock valued at $11,850,000 after purchasing an additional 73,818 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in shares of EnerSys by 67.7% during the 1st quarter. WCM Investment Management LLC now owns 181,850 shares of the industrial products company’s stock valued at $11,849,000 after purchasing an additional 73,435 shares in the last quarter. Institutional investors and hedge funds own 95.95% of the company’s stock.
Several research firms have recently weighed in on ENS. TheStreet cut EnerSys from a “b-” rating to a “c+” rating in a report on Thursday, May 30th. Oppenheimer set a $78.00 price objective on EnerSys and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Sidoti set a $101.00 target price on EnerSys and gave the company a “buy” rating in a research note on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $89.15.
NYSE ENS traded up $0.75 during trading on Friday, hitting $66.01. The stock had a trading volume of 232,293 shares, compared to its average volume of 256,495. The company has a market capitalization of $2.76 billion, a PE ratio of 12.81, a P/E/G ratio of 1.21 and a beta of 1.59. The company’s 50-day moving average price is $59.93 and its two-hundred day moving average price is $64.72. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.67 and a current ratio of 2.54. EnerSys has a 12 month low of $53.56 and a 12 month high of $89.83.
EnerSys (NYSE:ENS) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.02). The firm had revenue of $780.20 million during the quarter, compared to the consensus estimate of $819.86 million. EnerSys had a net margin of 5.58% and a return on equity of 17.13%. The company’s revenue was up 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 EPS. As a group, equities analysts anticipate that EnerSys will post 5.39 earnings per share for the current fiscal 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 $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.06%. The ex-dividend date is Thursday, September 12th. EnerSys’s payout ratio is 14.20%.
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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