Legal & General Group Plc decreased its position in shares of EnerSys (NYSE:ENS) by 1.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 67,222 shares of the industrial products company’s stock after selling 646 shares during the period. Legal & General Group Plc owned about 0.16% of EnerSys worth $5,857,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. First Hawaiian Bank purchased a new stake in shares of EnerSys in the 3rd quarter worth approximately $175,000. Hartford Investment Management Co. purchased a new stake in shares of EnerSys in the 3rd quarter worth approximately $209,000. Parametrica Management Ltd purchased a new stake in shares of EnerSys in the 3rd quarter worth approximately $210,000. Jane Street Group LLC purchased a new stake in shares of EnerSys in the 3rd quarter worth approximately $239,000. Finally, Macquarie Group Ltd. grew its stake in shares of EnerSys by 1,400.0% in the 2nd quarter. Macquarie Group Ltd. now owns 3,000 shares of the industrial products company’s stock worth $224,000 after buying an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 97.58% of the company’s stock.
Several analysts recently weighed in on ENS shares. ValuEngine upgraded EnerSys from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. William Blair raised EnerSys from a “market perform” rating to an “outperform” rating and set a $71.77 price objective on the stock in a research report on Thursday, December 20th. Oppenheimer upped their price objective on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, October 4th. Sidoti upped their price objective on EnerSys from $93.00 to $104.00 and gave the company a “buy” rating in a research report on Thursday, October 4th. Finally, Citigroup upped their price objective on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, October 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $93.55.
EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 7th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.01. The business had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $659.18 million. EnerSys had a return on equity of 17.46% and a net margin of 4.54%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. As a group, analysts forecast that EnerSys will post 5.09 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, December 14th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, December 13th. This represents a $0.70 annualized dividend and a dividend yield of 0.87%. EnerSys’s payout ratio is 15.05%.
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EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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