Canada Pension Plan Investment Board raised its stake in Enersys (NYSE:ENS) by 36.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 89,500 shares of the industrial products company’s stock after buying an additional 23,900 shares during the period. Canada Pension Plan Investment Board owned about 0.21% of Enersys worth $6,484,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of ENS. First Interstate Bank boosted its stake in shares of Enersys by 0.4% in the first quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock valued at $187,000 after buying an additional 10 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Enersys during the first quarter worth about $205,000. World Asset Management Inc boosted its stake in shares of Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after buying an additional 25 shares during the last quarter. Oakbrook Investments LLC purchased a new stake in shares of Enersys during the second quarter worth about $235,000. Finally, Palouse Capital Management Inc. purchased a new stake in shares of Enersys during the second quarter worth about $241,000. 97.52% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Enersys (NYSE ENS) opened at 62.01 on Monday. The company has a market capitalization of $2.69 billion, a PE ratio of 16.71 and a beta of 1.65. Enersys has a one year low of $61.96 and a one year high of $84.74. The stock has a 50 day moving average of $70.59 and a 200-day moving average of $76.40.
Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.01. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The company had revenue of $622.60 million during the quarter, compared to analysts’ expectations of $615.77 million. During the same period in the prior year, the firm earned $1.14 EPS. Enersys’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts forecast that Enersys will post $4.67 earnings per share for the current fiscal year.
Enersys declared that its board has approved a share buyback program on Wednesday, August 9th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.13%. Enersys’s dividend payout ratio is presently 18.87%.
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A number of equities research analysts have recently issued reports on ENS shares. Zacks Investment Research cut shares of Enersys from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Enersys in a report on Thursday, May 4th. ValuEngine raised shares of Enersys from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub cut shares of Enersys from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Enersys presently has an average rating of “Hold” and an average price target of $82.67.
In other Enersys news, VP Kerry M. Kane sold 4,413 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total value of $362,572.08. Following the completion of the transaction, the vice president now owns 17,210 shares of the company’s stock, valued at approximately $1,413,973.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Holger P. Aschke sold 3,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 28,928 shares of the company’s stock, valued at approximately $2,343,168. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.
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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