Bessemer Group Inc. maintained its stake in shares of Enersys (NYSE:ENS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,100 shares of the industrial products company’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Enersys were worth $732,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of ENS. Highbridge Capital Management LLC bought a new stake in shares of Enersys during the fourth quarter valued at approximately $216,000. Capstone Asset Management Co. raised its stake in shares of Enersys by 9.1% in the first quarter. Capstone Asset Management Co. now owns 4,193 shares of the industrial products company’s stock valued at $331,000 after buying an additional 350 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Enersys by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the industrial products company’s stock valued at $868,000 after buying an additional 300 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Enersys by 3.0% in the first quarter. Nationwide Fund Advisors now owns 132,694 shares of the industrial products company’s stock valued at $10,475,000 after buying an additional 3,863 shares during the last quarter. Finally, Mycio Wealth Partners LLC bought a new stake in shares of Enersys during the first quarter valued at approximately $467,000. Institutional investors own 97.52% of the company’s stock.
Shares of Enersys (NYSE ENS) opened at 62.82 on Friday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 16.93 and a beta of 1.65. Enersys has a 52-week low of $62.31 and a 52-week high of $84.74. The company has a 50 day moving average of $70.89 and a 200 day moving average of $76.51.
Enersys (NYSE:ENS) last announced its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.01. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The firm had revenue of $622.60 million for the quarter, compared to the consensus estimate of $615.77 million. During the same period in the prior year, the business earned $1.14 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts predict that Enersys will post $4.67 EPS for the current fiscal year.
Enersys declared that its Board of Directors has authorized a stock buyback plan on Wednesday, August 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 3.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.175 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 1.11%. Enersys’s dividend payout ratio is currently 18.87%.
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Several equities research analysts have commented on ENS shares. Zacks Investment Research lowered shares of Enersys from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Enersys in a research report on Thursday, May 4th. ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered shares of Enersys from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Enersys currently has a consensus rating of “Hold” and an average price target of $82.67.
In related news, insider Holger P. Aschke sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the transaction, the insider now owns 28,928 shares of the company’s stock, valued at $2,343,168. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Kerry M. Kane sold 4,413 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the transaction, the vice president now directly owns 17,210 shares of the company’s stock, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. Company insiders own 1.40% 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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