New York State Teachers Retirement System Reduces Stake in EnerSys (ENS)
New York State Teachers Retirement System reduced its position in EnerSys (NYSE:ENS) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,263 shares of the industrial products company’s stock after selling 4,500 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of EnerSys worth $3,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently added to or reduced their stakes in the company. Adviser Investments LLC purchased a new position in shares of EnerSys in the 1st quarter worth $103,000. Capital One National Association purchased a new position in shares of EnerSys in the 2nd quarter worth $212,000. Bayesian Capital Management LP purchased a new position in shares of EnerSys in the 1st quarter worth $236,000. Bank of Montreal Can purchased a new position in shares of EnerSys in the 2nd quarter worth $355,000. Finally, Stevens Capital Management LP purchased a new position in shares of EnerSys in the 1st quarter worth $348,000. Hedge funds and other institutional investors own 95.83% of the company’s stock.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded EnerSys from a “hold” rating to a “sell” rating in a research note on Tuesday, July 31st. TheStreet upgraded EnerSys from a “c+” rating to a “b+” rating in a research note on Thursday, May 31st. Finally, Sidoti upgraded EnerSys from a “neutral” rating to a “buy” rating in a research note on Monday, May 7th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. EnerSys has an average rating of “Hold” and a consensus price target of $81.33.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.17. The firm had revenue of $670.90 million for the quarter, compared to the consensus estimate of $649.63 million. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the business posted $1.12 EPS. equities research analysts expect that EnerSys will post 5.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.70 annualized dividend and a yield of 0.90%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.
In related news, insider Holger P. Aschke sold 3,915 shares of EnerSys stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $77.00, for a total transaction of $301,455.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is currently owned by insiders.
EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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