Dimensional Fund Advisors LP decreased its stake in Enersys (NYSE:ENS) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,429,453 shares of the industrial products company’s stock after selling 4,232 shares during the period. Dimensional Fund Advisors LP owned about 3.29% of Enersys worth $103,564,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ENS. Advisor Group Inc. boosted its position in Enersys by 1.2% in the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock valued at $107,000 after buying an additional 18 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Enersys by 7.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after buying an additional 122 shares during the last quarter. World Asset Management Inc grew its stake in shares of Enersys by 0.9% during the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after buying an additional 25 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Enersys by 77.6% during the second quarter. Riverhead Capital Management LLC now owns 3,197 shares of the industrial products company’s stock worth $232,000 after buying an additional 1,397 shares during the last quarter. Finally, Oakbrook Investments LLC acquired a new position in shares of Enersys during the second quarter worth $235,000. 94.46% of the stock is owned by institutional investors and hedge funds.

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A number of research analysts have recently commented on the company. ValuEngine cut Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. BidaskClub downgraded Enersys from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research report on Thursday, August 17th. Zacks Investment Research upgraded Enersys from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and issued a $82.00 target price (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Enersys has a consensus rating of “Hold” and a consensus price target of $82.67.

Enersys (ENS) opened at 69.11 on Wednesday. Enersys has a one year low of $61.33 and a one year high of $84.74. The company has a 50-day moving average of $65.75 and a 200-day moving average of $73.74. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 18.62 and a beta of 1.70.

Enersys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share 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 firm had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. During the same quarter in the previous year, the business earned $1.14 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities research analysts expect that Enersys will post $4.67 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, September 14th. Enersys’s payout ratio is currently 18.87%.

Enersys declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to repurchase up to 3.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Enersys 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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Institutional Ownership by Quarter for Enersys (NYSE:ENS)

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