EULAV Asset Management held its position in Enersys (NYSE:ENS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,700 shares of the company’s stock at the end of the third quarter. EULAV Asset Management owned about 0.26% of Enersys worth $7,729,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of ENS. Piermont Capital Management Inc. raised its position in Enersys by 5.8% in the third quarter. Piermont Capital Management Inc. now owns 26,820 shares of the company’s stock worth $1,856,000 after buying an additional 1,480 shares during the period. ProShare Advisors LLC raised its position in Enersys by 20.3% in the third quarter. ProShare Advisors LLC now owns 7,955 shares of the company’s stock worth $550,000 after buying an additional 1,342 shares during the period. Paradigm Capital Management Inc. NY raised its position in Enersys by 7.6% in the third quarter. Paradigm Capital Management Inc. NY now owns 358,900 shares of the company’s stock worth $24,832,000 after buying an additional 25,300 shares during the period. IronBridge Capital Management LP raised its position in Enersys by 25.0% in the third quarter. IronBridge Capital Management LP now owns 82,074 shares of the company’s stock worth $5,679,000 after buying an additional 16,424 shares during the period. Finally, Northern Trust Corp raised its position in Enersys by 17.5% in the third quarter. Northern Trust Corp now owns 982,267 shares of the company’s stock worth $67,962,000 after buying an additional 146,600 shares during the period. 96.19% of the stock is owned by hedge funds and other institutional investors.
Enersys (NYSE:ENS) traded up 0.195% on Wednesday, reaching $79.545. 24,772 shares of the company’s stock traded hands. Enersys has a 52 week low of $42.60 and a 52 week high of $83.70. The firm has a 50-day moving average price of $79.50 and a 200-day moving average price of $69.98. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 25.536 and a beta of 1.71.
Enersys (NYSE:ENS) last announced its earnings results on Thursday, November 10th. The company reported $1.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.07. The business earned $576 million during the quarter, compared to the consensus estimate of $584.87 million. Enersys had a return on equity of 18.00% and a net margin of 5.84%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 EPS. On average, analysts predict that Enersys will post $4.63 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 16th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Wednesday, December 14th. Enersys’s payout ratio is 22.36%.
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Several research analysts have commented on ENS shares. Zacks Investment Research raised shares of Enersys from a “hold” rating to a “strong-buy” rating and set a $85.00 price objective for the company in a research note on Monday, November 14th. Sidoti lowered shares of Enersys from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Finally, Oppenheimer Holdings, Inc. started coverage on shares of Enersys in a research note on Friday, January 6th. They set an “outperform” rating and a $92.00 price objective for the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $81.25.
In other news, insider Jeffrey W. Long sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 25th. The stock was sold at an average price of $78.83, for a total transaction of $394,150.00. Following the completion of the transaction, the insider now directly owns 54,638 shares of the company’s stock, valued at approximately $4,307,113.54. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.
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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