Shell Asset Management Co. Invests $1.80 Million in Enersys (ENS) Stock

Shell Asset Management Co. purchased a new position in shares of Enersys (NYSE:ENS) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 30,765 shares of the industrial products company’s stock, valued at approximately $1,804,000. Shell Asset Management Co. owned 0.07% of Enersys as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of the stock. Advisor Group Inc. grew its holdings in Enersys by 1.2% during the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 18 shares during the period. Teacher Retirement System of Texas grew its holdings in Enersys by 3.2% during the second 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Enersys by 7.7% during the second 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 during the period. First Midwest Bank Trust Division grew its holdings in Enersys by 2.0% during the second quarter. First Midwest Bank Trust Division now owns 6,904 shares of the industrial products company’s stock worth $500,000 after purchasing an additional 134 shares during the period. Finally, Capstone Asset Management Co. grew its holdings in Enersys by 4.1% during the second 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 during the period. Institutional investors and hedge funds own 93.08% of the company’s stock.

A number of research firms recently commented on ENS. BidaskClub cut Enersys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research cut Enersys from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $82.00 price target (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a report on Thursday, August 17th. Finally, ValuEngine cut Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $82.50.

Shares of Enersys (NYSE ENS) opened at 69.98 on Friday. Enersys has a one year low of $61.33 and a one year high of $84.74. The company has a market cap of $3.04 billion, a PE ratio of 18.86 and a beta of 1.70. The stock’s 50 day moving average price is $68.29 and its 200-day moving average price is $72.70.

Enersys (NYSE:ENS) last released its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the Zacks’ 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 company 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 company earned $1.14 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts expect that Enersys will post $4.67 EPS for the current year.

Enersys declared that its board has authorized a share buyback plan on Wednesday, August 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to repurchase up to 3.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, September 14th. Enersys’s dividend payout ratio is currently 18.87%.

TRADEMARK VIOLATION WARNING: “Shell Asset Management Co. Invests $1.80 Million in Enersys (ENS) Stock” was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.com-unik.info/2017/10/29/shell-asset-management-co-invests-1-80-million-in-enersys-ens-stock.html.

About Enersys

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.

Want to see what other hedge funds are holding ENS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enersys (NYSE:ENS).

Institutional Ownership by Quarter for Enersys (NYSE:ENS)

What are top analysts saying about Enersys? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Enersys and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit