5,955 Shares in Enersys (ENS) Purchased by Hancock Holding Co.
Hancock Holding Co. bought a new position in shares of Enersys (NYSE:ENS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,955 shares of the industrial products company’s stock, valued at approximately $431,000.
Several other large investors also recently modified their holdings of ENS. BlackRock Inc. raised its stake in shares of Enersys by 17,956.9% during the first quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock valued at $350,852,000 after acquiring an additional 4,419,908 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Enersys by 2.6% in the second quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock valued at $275,907,000 after purchasing an additional 97,319 shares during the period. Boston Partners boosted its holdings in shares of Enersys by 47.8% in the second quarter. Boston Partners now owns 2,676,099 shares of the industrial products company’s stock valued at $193,884,000 after purchasing an additional 866,056 shares during the period. State Street Corp boosted its holdings in shares of Enersys by 3.5% in the first quarter. State Street Corp now owns 1,432,212 shares of the industrial products company’s stock valued at $113,059,000 after purchasing an additional 48,515 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Enersys by 4.5% in the second quarter. Northern Trust Corp now owns 1,001,093 shares of the industrial products company’s stock valued at $72,529,000 after purchasing an additional 43,549 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on ENS shares. Zacks Investment Research cut Enersys from a “buy” rating to a “sell” rating in a research note on Monday, June 5th. BidaskClub lowered Enersys from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $82.00 target price (down from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a report on Thursday, August 17th. Finally, ValuEngine cut Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Enersys presently has an average rating of “Hold” and an average target price of $82.67.
Enersys (NYSE:ENS) opened at 69.17 on Monday. Enersys has a 52-week low of $61.33 and a 52-week high of $84.74. The firm’s 50-day moving average is $66.29 and its 200-day moving average is $74.35. The stock has a market cap of $3.00 billion, a P/E ratio of 18.64 and a beta of 1.70.
Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (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 firm 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 company posted $1.14 EPS. Enersys’s revenue was up 3.7% on a year-over-year basis. Equities research analysts predict that Enersys will post $4.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend was Thursday, September 14th. Enersys’s dividend payout ratio is currently 18.87%.
Enersys announced that its Board of Directors has initiated a stock buyback program on Wednesday, August 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to buy up to 3.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
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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