Ifrah Financial Services Inc. Sells 2,324 Shares of Enersys (ENS)
Ifrah Financial Services Inc. trimmed its holdings in shares of Enersys (NYSE:ENS) by 40.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,375 shares of the industrial products company’s stock after selling 2,324 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Enersys were worth $233,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in ENS. KCG Holdings Inc. increased its position in Enersys by 5.9% during the first quarter. KCG Holdings Inc. now owns 5,076 shares of the industrial products company’s stock worth $401,000 after acquiring an additional 285 shares during the period. Credit Suisse AG increased its holdings in Enersys by 40.5% in the 1st quarter. Credit Suisse AG now owns 82,648 shares of the industrial products company’s stock valued at $6,523,000 after buying an additional 23,837 shares during the period. Capstone Asset Management Co. increased its holdings in Enersys by 4.1% in the 2nd quarter. Capstone Asset Management Co. now owns 4,363 shares of the industrial products company’s stock valued at $316,000 after buying an additional 170 shares during the period. James Investment Research Inc. bought a new position in Enersys in the 2nd quarter valued at about $1,157,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in Enersys by 4.7% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 15,914 shares of the industrial products company’s stock valued at $1,153,000 after buying an additional 714 shares during the period. 93.07% of the stock is currently owned by institutional investors and hedge funds.
Enersys (NYSE:ENS) traded down $0.23 on Tuesday, hitting $66.86. 597,300 shares of the stock were exchanged, compared to its average volume of 262,562. Enersys has a one year low of $61.33 and a one year high of $84.74. The company has a current ratio of 3.43, a quick ratio of 2.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $2,826.16, a P/E ratio of 14.49, a P/E/G ratio of 2.43 and a beta of 1.70.
Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The company had revenue of $617.30 million for the quarter, compared to the consensus estimate of $603.54 million. During the same period last year, the company posted $1.15 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. equities analysts predict that Enersys will post 4.61 earnings per share for the current fiscal year.
Enersys announced that its board has authorized a share repurchase plan on Wednesday, August 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.05%. Enersys’s payout ratio is currently 19.07%.
Several equities analysts have commented on the stock. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Thursday, August 17th. Zacks Investment Research raised shares of Enersys from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Oppenheimer Holdings, Inc. reissued 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. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, ValuEngine lowered shares of 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 assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $80.00.
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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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