Prudential Financial Inc. lessened its position in shares of Enersys (NYSE:ENS) by 7.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 501,440 shares of the industrial products company’s stock after selling 43,285 shares during the period. Prudential Financial Inc. owned 1.16% of Enersys worth $34,684,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KCG Holdings Inc. increased its stake in Enersys by 5.9% in the first quarter. KCG Holdings Inc. now owns 5,076 shares of the industrial products company’s stock valued at $401,000 after purchasing an additional 285 shares in the last quarter. Credit Suisse AG increased its stake in Enersys by 40.5% in the first quarter. Credit Suisse AG now owns 82,648 shares of the industrial products company’s stock valued at $6,523,000 after purchasing an additional 23,837 shares in the last quarter. Capstone Asset Management Co. increased its stake in Enersys by 4.1% in the second quarter. Capstone Asset Management Co. now owns 4,363 shares of the industrial products company’s stock valued at $316,000 after purchasing an additional 170 shares in the last quarter. James Investment Research Inc. bought a new stake in Enersys in the second quarter valued at $1,157,000. Finally, Oregon Public Employees Retirement Fund increased its stake in Enersys by 4.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 15,914 shares of the industrial products company’s stock valued at $1,153,000 after purchasing an additional 714 shares in the last quarter. 93.07% of the stock is owned by institutional investors and hedge funds.
Enersys (ENS) opened at $66.86 on Tuesday. Enersys has a twelve month low of $61.33 and a twelve month high of $84.74. The firm has a market cap of $2,826.16, a PE ratio of 14.49, a P/E/G ratio of 2.43 and a beta of 1.70. The company has a current ratio of 3.43, a quick ratio of 2.49 and a debt-to-equity ratio of 0.64.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, topping the consensus estimate of $1.04 by $0.01. The business had revenue of $617.30 million for the quarter, compared to analyst estimates of $603.54 million. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. analysts predict that Enersys will post 4.61 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend is Thursday, December 14th. Enersys’s dividend payout ratio (DPR) is presently 19.07%.
Enersys announced that its board has authorized a share buyback 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 shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
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Several equities research analysts have weighed in on ENS shares. ValuEngine downgraded shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded shares of Enersys from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. BidaskClub downgraded shares of Enersys from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, August 17th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $77.00 price target (down from $82.00) on shares of Enersys in a research note on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Enersys has a consensus rating of “Hold” and an average price target of $80.00.
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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