Emerald Advisers Inc. PA lowered its position in EnerSys (NYSE:ENS) by 18.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,008 shares of the company’s stock after selling 10,467 shares during the period. Emerald Advisers Inc. PA’s holdings in EnerSys were worth $2,796,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of ENS. Aperio Group LLC increased its stake in EnerSys by 0.5% in the first quarter. Aperio Group LLC now owns 9,909 shares of the company’s stock worth $552,000 after buying an additional 46 shares in the last quarter. Capstone Asset Management Co. increased its stake in EnerSys by 2.1% in the second quarter. Capstone Asset Management Co. now owns 13,383 shares of the company’s stock worth $796,000 after buying an additional 280 shares in the last quarter. Strs Ohio increased its stake in EnerSys by 21.6% in the second quarter. Strs Ohio now owns 6,200 shares of the company’s stock worth $368,000 after buying an additional 1,100 shares in the last quarter. Boothbay Fund Management LLC increased its stake in EnerSys by 37.2% in the first quarter. Boothbay Fund Management LLC now owns 6,150 shares of the company’s stock worth $343,000 after buying an additional 1,666 shares in the last quarter. Finally, BlackRock Inc. increased its stake in EnerSys by 91.6% in the first quarter. BlackRock Inc. now owns 3,546 shares of the company’s stock worth $198,000 after buying an additional 1,695 shares in the last quarter. 96.42% of the stock is owned by institutional investors.
Shares of EnerSys (NYSE:ENS) traded down 2.35% during trading on Friday, reaching $68.66. 208,748 shares of the company were exchanged. EnerSys has a 1-year low of $42.60 and a 1-year high of $73.12. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 23.18 and a beta of 1.52. The stock’s 50 day moving average is $69.33 and its 200 day moving average is $62.71.
EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.04. The firm earned $600.60 million during the quarter, compared to analysts’ expectations of $599.28 million. EnerSys had a net margin of 5.62% and a return on equity of 17.71%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. Equities analysts anticipate that EnerSys will post $4.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is presently 23.65%.
Separately, Maxim Group lifted their price objective on shares of EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, August 12th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. EnerSys currently has a consensus rating of “Buy” and an average target price of $71.33.
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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