Nationwide Fund Advisors Trims Stake in Enersys (ENS)
Nationwide Fund Advisors lessened its holdings in shares of Enersys (NYSE:ENS) by 2.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,415 shares of the industrial products company’s stock after selling 3,166 shares during the quarter. Nationwide Fund Advisors owned about 0.30% of Enersys worth $8,882,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Advisor Group Inc. lifted its position in shares of Enersys by 1.2% during the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 18 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Enersys by 3.2% during the second quarter. Teacher Retirement System of Texas now owns 3,562 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 109 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position 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 purchasing an additional 122 shares in the last quarter. Capstone Asset Management Co. raised its holdings in Enersys by 4.1% in the second quarter. Capstone Asset Management Co. now owns 4,363 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 170 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Enersys by 1.1% in the second quarter. Arizona State Retirement System now owns 18,300 shares of the industrial products company’s stock valued at $1,326,000 after acquiring an additional 200 shares in the last quarter. 97.25% of the stock is currently owned by institutional investors and hedge funds.
Shares of Enersys (NYSE:ENS) traded down $0.29 during trading on Friday, reaching $67.46. 217,800 shares of the company’s stock traded hands, compared to its average volume of 262,632. The stock has a market capitalization of $2,853.97, a price-to-earnings ratio of 14.63, a P/E/G ratio of 2.47 and a beta of 1.68. Enersys has a one year low of $61.33 and a one year high of $84.74. The company has a debt-to-equity ratio of 0.64, a current ratio of 3.43 and a quick ratio of 2.49.
Enersys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The company had revenue of $617.30 million for the quarter, compared to analyst estimates of $603.54 million. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.15 earnings per share. sell-side analysts predict that Enersys will post 4.58 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders 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 annualized dividend and a yield of 1.04%. Enersys’s dividend payout ratio is currently 19.07%.
Enersys declared that its Board of Directors has initiated a share repurchase program on Wednesday, November 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
Several brokerages recently weighed in on ENS. BidaskClub cut shares of Enersys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Zacks Investment Research cut shares of Enersys from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Oppenheimer reaffirmed a “buy” rating and issued a $77.00 target price on shares of Enersys in a report on Thursday, November 9th. 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. Finally, ValuEngine cut shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $80.00.
In other Enersys news, insider Todd M. Sechrist sold 7,500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $66.50, for a total value of $498,750.00. Following the transaction, the insider now directly owns 61,182 shares in the company, valued at $4,068,603. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
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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