Enersys (ENS) Stake Held by Swiss National Bank
Swiss National Bank maintained its position in shares of Enersys (NYSE:ENS) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 71,900 shares of the industrial products company’s stock at the close of the second quarter. Swiss National Bank owned approximately 0.17% of Enersys worth $5,209,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of ENS. Great West Life Assurance Co. Can grew its position in Enersys by 4.2% during the first quarter. Great West Life Assurance Co. Can now owns 26,019 shares of the industrial products company’s stock valued at $2,053,000 after buying an additional 1,050 shares during the period. US Bancorp DE boosted its position in Enersys by 1.5% during the first quarter. US Bancorp DE now owns 12,026 shares of the industrial products company’s stock worth $950,000 after purchasing an additional 173 shares during the period. LS Investment Advisors LLC boosted its position in Enersys by 11.8% during the first quarter. LS Investment Advisors LLC now owns 3,371 shares of the industrial products company’s stock worth $266,000 after purchasing an additional 357 shares during the period. World Asset Management Inc boosted its position in 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 purchasing an additional 25 shares during the period. Finally, Karp Capital Management Corp bought a new position in Enersys during the first quarter worth about $1,040,000. Institutional investors own 94.46% of the company’s stock.
Enersys (NYSE ENS) opened at 67.50 on Thursday. The stock has a 50 day moving average of $66.29 and a 200-day moving average of $74.35. Enersys has a 52-week low of $61.33 and a 52-week high of $84.74. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 18.19 and a beta of 1.66.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The company had revenue of $622.60 million for the quarter, compared to the consensus estimate of $615.77 million. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.14 earnings per share. On average, equities research analysts anticipate that Enersys will post $4.67 earnings per share for the current fiscal year.
The business also recently disclosed 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 is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.04%. Enersys’s dividend payout ratio (DPR) is presently 18.87%.
Enersys declared that its Board of Directors has initiated a share buyback plan on Wednesday, August 9th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 3.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.
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A number of equities analysts have weighed in on ENS shares. Zacks Investment Research lowered shares of Enersys from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. ValuEngine lowered shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $82.00 target price (down previously from $92.00) on shares of Enersys in a research 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 company. The company has an average rating of “Hold” and a consensus target price of $82.67.
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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