Alliancebernstein L.P. Sells 229,815 Shares of Enersys (ENS)
Alliancebernstein L.P. decreased its position in shares of Enersys (NYSE:ENS) by 15.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,295,729 shares of the industrial products company’s stock after selling 229,815 shares during the quarter. Alliancebernstein L.P. owned approximately 2.99% of Enersys worth $93,876,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Interstate Bank grew its position in shares of Enersys by 0.4% during the 1st quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock worth $187,000 after buying an additional 10 shares in the last quarter. World Asset Management Inc lifted its stake in shares of Enersys by 0.9% during the 1st quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 25 shares during the last quarter. State Treasurer State of Michigan lifted its stake in shares of Enersys by 0.6% during the 1st quarter. State Treasurer State of Michigan now owns 17,600 shares of the industrial products company’s stock worth $1,389,000 after purchasing an additional 100 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Enersys by 3.2% during the 2nd 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 last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Enersys by 7.7% during the 2nd 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. 94.84% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. ValuEngine cut Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. BidaskClub cut Enersys from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Thursday, August 17th. Zacks Investment Research cut Enersys from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $82.00 price objective (down from $92.00) on shares of Enersys in a research note on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $82.67.
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Shares of Enersys (NYSE ENS) opened at 66.79 on Tuesday. The stock has a market capitalization of $2.90 billion, a PE ratio of 18.00 and a beta of 1.66. The company’s 50 day moving average price is $66.98 and its 200-day moving average price is $74.86. Enersys has a 52 week low of $61.33 and a 52 week high of $84.74.
Enersys (NYSE:ENS) last released its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $615.77 million. During the same period in the previous year, the firm earned $1.14 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts predict that Enersys will post $4.67 EPS for the current year.
Enersys declared that its board has approved a stock buyback program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 1.05%. Enersys’s payout ratio is 18.87%.
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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