SG Americas Securities LLC Acquires 1,197 Shares of Enersys (ENS)
SG Americas Securities LLC raised its position in shares of Enersys (NYSE:ENS) by 6.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,763 shares of the industrial products company’s stock after buying an additional 1,197 shares during the period. SG Americas Securities LLC’s holdings in Enersys were worth $1,359,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in ENS. Bank of America Corp DE boosted its position in shares of Enersys by 23.8% in the first quarter. Bank of America Corp DE now owns 368,650 shares of the industrial products company’s stock worth $29,102,000 after buying an additional 70,950 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Enersys by 9.7% in the first quarter. Geode Capital Management LLC now owns 419,444 shares of the industrial products company’s stock worth $33,110,000 after buying an additional 37,122 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Enersys during the first quarter worth $338,000. Mckinley Capital Management LLC Delaware purchased a new position in shares of Enersys during the first quarter worth $466,000. Finally, BlackRock Inc. boosted its position in shares of Enersys by 17,956.9% in the first quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock worth $350,852,000 after buying an additional 4,419,908 shares in the last quarter. 94.82% of the stock is currently owned by institutional investors.
Enersys (NYSE:ENS) opened at 63.24 on Thursday. The company has a market capitalization of $2.74 billion, a PE ratio of 17.04 and a beta of 1.65. The stock’s 50 day moving average is $69.20 and its 200-day moving average is $75.83. Enersys has a 12 month low of $61.33 and a 12 month high of $84.74.
Enersys (NYSE:ENS) last announced its 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 net margin of 6.86% and a return on equity of 18.90%. The business had revenue of $622.60 million for the quarter, compared to the consensus estimate of $615.77 million. During the same quarter last year, the firm posted $1.14 EPS. The business’s quarterly 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.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, September 14th. Enersys’s payout ratio is 18.87%.
Enersys declared that its Board of Directors has initiated a share buyback program on Wednesday, August 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.
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ENS has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of Enersys from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub cut shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Enersys in a research report on Thursday, May 4th. Finally, ValuEngine raised shares of Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $82.67.
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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