Russell Investments Group Ltd. decreased its position in shares of EnerSys (NYSE:ENS) by 21.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,040 shares of the industrial products company’s stock after selling 4,920 shares during the quarter. Russell Investments Group Ltd.’s holdings in EnerSys were worth $1,249,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of ENS. Advisor Group Inc. grew its holdings in shares of 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of 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 last quarter. Flinton Capital Management LLC grew its holdings in shares of EnerSys by 68.1% during the second quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 784 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of EnerSys during the third quarter worth about $188,000. Finally, Alpine Global Management LLC purchased a new position in shares of EnerSys during the second quarter worth about $220,000. 97.20% of the stock is currently owned by institutional investors.
EnerSys (ENS) opened at $70.26 on Thursday. 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 has a twelve month low of $61.33 and a twelve month high of $84.74. The stock has a market capitalization of $3,050.00, a PE ratio of 19.09, a P/E/G ratio of 2.56 and a beta of 1.68.
The business also recently declared 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 dividend yield of 1.00%. The ex-dividend date is Thursday, December 14th. EnerSys’s dividend payout ratio is currently 19.02%.
EnerSys announced that its Board of Directors has approved a share buyback plan on Wednesday, November 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have issued reports on ENS shares. Zacks Investment Research raised EnerSys from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Oppenheimer reaffirmed a “buy” rating and set a $77.00 price objective (down previously from $82.00) on shares of EnerSys in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $80.00.
In related news, insider Todd M. Sechrist sold 7,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $66.50, for a total transaction of $498,750.00. Following the transaction, the insider now owns 61,182 shares of the company’s stock, valued at $4,068,603. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.
EnerSys Company Profile
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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