US Bancorp DE Has $852,000 Position in Enersys (NYSE:ENS)
US Bancorp DE decreased its position in shares of Enersys (NYSE:ENS) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 11,769 shares of the industrial products company’s stock after selling 257 shares during the period. US Bancorp DE’s holdings in Enersys were worth $852,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE raised its stake in Enersys by 23.8% in the first quarter. Bank of America Corp DE now owns 368,650 shares of the industrial products company’s stock worth $29,102,000 after buying an additional 70,950 shares in the last quarter. Highbridge Capital Management LLC purchased a new stake in Enersys during the fourth quarter worth $216,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Enersys during the first quarter worth $338,000. Geode Capital Management LLC raised its stake in Enersys by 9.7% in the first quarter. Geode Capital Management LLC now owns 419,444 shares of the industrial products company’s stock worth $33,110,000 after buying an additional 37,122 shares in the last quarter. Finally, First Midwest Bank Trust Division raised its stake in Enersys by 3.3% in the first quarter. First Midwest Bank Trust Division now owns 6,770 shares of the industrial products company’s stock worth $534,000 after buying an additional 216 shares in the last quarter. Institutional investors and hedge funds own 95.86% of the company’s stock.
Enersys (NYSE ENS) traded down 3.778% during mid-day trading on Friday, reaching $62.535. 343,861 shares of the company’s stock were exchanged. Enersys has a one year low of $62.41 and a one year high of $84.74. The firm has a market capitalization of $2.71 billion, a P/E ratio of 16.851 and a beta of 1.65. The company’s 50-day moving average is $72.28 and its 200 day moving average is $77.09.
Enersys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by $0.01. Enersys had a return on equity of 19.27% and a net margin of 6.86%. The company had revenue of $622.60 million during the quarter, compared to analysts’ expectations of $615.77 million. During the same quarter in the prior year, the company posted $1.14 EPS. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts predict that Enersys will post $4.83 earnings per share for the current fiscal year.
Enersys announced that its board has approved a stock buyback program 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 reacquire up to 3.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be given a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 1.08%. Enersys’s dividend payout ratio is presently 18.87%.
ENS has been the subject of a number of analyst reports. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Enersys from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, May 19th. ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Enersys in a research note on Thursday, May 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.33.
In other Enersys news, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total value of $243,000.00. Following the sale, the insider now owns 28,928 shares in the company, valued at approximately $2,343,168. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total value of $362,572.08. Following the completion of the sale, the vice president now owns 17,210 shares in the company, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,676 shares of company stock worth $627,462. Insiders own 1.40% of the company’s stock.
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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