Enersys (NYSE:ENS) Shares Bought by Wedge Capital Management L L P NC
Wedge Capital Management L L P NC raised its stake in shares of Enersys (NYSE:ENS) by 0.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 602,761 shares of the industrial products company’s stock after buying an additional 2,912 shares during the period. Wedge Capital Management L L P NC owned about 1.39% of Enersys worth $43,670,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. First Interstate Bank boosted its position in 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 acquired a new position in Enersys during the first quarter valued at about $205,000. World Asset Management Inc boosted its position in Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock valued at $211,000 after buying an additional 25 shares during the period. Highbridge Capital Management LLC acquired a new position in Enersys during the fourth quarter valued at about $216,000. Finally, Oakbrook Investments LLC acquired a new position in Enersys during the second quarter valued at about $235,000. 95.86% of the stock is currently owned by hedge funds and other institutional investors.
Enersys (NYSE ENS) opened at 63.41 on Friday. Enersys has a 1-year low of $62.31 and a 1-year high of $84.74. The stock’s 50 day moving average price is $71.99 and its 200 day moving average price is $76.99. The stock has a market capitalization of $2.75 billion, a PE ratio of 17.09 and a beta of 1.65.
Enersys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the consensus estimate of $1.13 by $0.01. The firm had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, equities research analysts predict that Enersys will post $4.83 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued 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 1.10%. Enersys’s payout ratio is currently 18.87%.
Enersys declared that its board has approved a stock repurchase program on Wednesday, August 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 3.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.
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Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Enersys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Enersys in a research note on Wednesday. BidaskClub cut Enersys from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, ValuEngine raised Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $84.33.
In other Enersys news, VP Kerry M. Kane sold 4,413 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total transaction of $362,572.08. Following the transaction, the vice president now directly owns 17,210 shares in the company, valued at approximately $1,413,973.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Holger P. Aschke sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total value of $243,000.00. Following the transaction, the insider now owns 28,928 shares in the company, valued at $2,343,168. The disclosure for this sale can be found here. Insiders have sold a total of 7,676 shares of company stock worth $627,462 over the last 90 days. 1.40% of the stock is currently owned by company 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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