Federated Investors Inc. PA reduced its position in shares of Ennis, Inc. (NYSE:EBF) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,092 shares of the industrial products company’s stock after selling 8,806 shares during the period. Federated Investors Inc. PA’s holdings in Ennis were worth $2,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP lifted its holdings in shares of Ennis by 11.6% during the 2nd quarter. Royce & Associates LP now owns 835,924 shares of the industrial products company’s stock worth $17,011,000 after acquiring an additional 86,579 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Ennis by 3.8% during the 1st quarter. BlackRock Inc. now owns 1,807,968 shares of the industrial products company’s stock worth $35,616,000 after acquiring an additional 65,649 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Ennis by 2.8% during the 2nd quarter. Wells Fargo & Company MN now owns 2,302,049 shares of the industrial products company’s stock worth $46,847,000 after acquiring an additional 62,391 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Ennis by 3.4% during the 1st quarter. Allianz Asset Management GmbH now owns 946,025 shares of the industrial products company’s stock worth $18,637,000 after acquiring an additional 30,893 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of Ennis by 52.4% during the 2nd quarter. Martingale Asset Management L P now owns 84,013 shares of the industrial products company’s stock worth $1,710,000 after acquiring an additional 28,900 shares during the last quarter. Hedge funds and other institutional investors own 82.85% of the company’s stock.

NYSE EBF opened at $21.15 on Tuesday. Ennis, Inc. has a 52-week low of $17.65 and a 52-week high of $22.98. The company has a quick ratio of 4.81, a current ratio of 5.92 and a debt-to-equity ratio of 0.11. The firm has a market cap of $526.85 million, a PE ratio of 16.40 and a beta of 0.65.

Ennis (NYSE:EBF) last posted its quarterly earnings data on Monday, June 25th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.07. Ennis had a net margin of 9.31% and a return on equity of 13.20%. The company had revenue of $93.41 million during the quarter. equities analysts expect that Ennis, Inc. will post 1.25 EPS for the current year.

A number of analysts have recently issued reports on EBF shares. Buckingham Research started coverage on shares of Ennis in a report on Monday, June 18th. They set a “neutral” rating and a $20.00 price objective for the company. Oppenheimer raised shares of Ennis from a “market perform” rating to a “$21.80” rating in a report on Wednesday, July 18th.

Ennis Profile

Ennis, Inc designs, manufactures, and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, Specialized Printed Forms, 360 Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Curtis Business Forms, Falcon Business Forms, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, and Hayes Graphics brand names.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Ennis (NYSE:EBF)

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