Synovus Financial Corp Purchases 4,628 Shares of EnerSys (NYSE:ENS)

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Synovus Financial Corp lifted its position in EnerSys (NYSE:ENS) by 3,106.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,777 shares of the industrial products company’s stock after acquiring an additional 4,628 shares during the period. Synovus Financial Corp’s holdings in EnerSys were worth $313,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ENS. First Trust Advisors LP grew its stake in shares of EnerSys by 3.8% in the first quarter. First Trust Advisors LP now owns 49,830 shares of the industrial products company’s stock valued at $3,247,000 after buying an additional 1,838 shares in the last quarter. Exane Derivatives bought a new position in shares of EnerSys in the second quarter valued at $124,000. Oregon Public Employees Retirement Fund boosted its position in EnerSys by 3.5% during the second quarter. Oregon Public Employees Retirement Fund now owns 17,411 shares of the industrial products company’s stock worth $1,193,000 after purchasing an additional 585 shares during the period. Fox Run Management L.L.C. bought a new position in EnerSys during the second quarter worth $247,000. Finally, Oakbrook Investments LLC bought a new position in EnerSys during the second quarter worth $202,000. 95.82% of the stock is owned by institutional investors and hedge funds.

ENS stock traded up $0.20 during midday trading on Friday, reaching $69.95. 191,262 shares of the company were exchanged, compared to its average volume of 325,417. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.54 and a quick ratio of 1.67. The business has a 50-day moving average price of $66.07 and a two-hundred day moving average price of $63.87. EnerSys has a one year low of $53.56 and a one year high of $89.83. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.58.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.03. EnerSys had a net margin of 5.58% and a return on equity of 17.13%. The firm had revenue of $762.10 million during the quarter, compared to analysts’ expectations of $759.49 million. During the same period in the previous year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. As a group, analysts anticipate that EnerSys will post 5.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.70 dividend on an annualized basis and a yield of 1.00%. EnerSys’s dividend payout ratio (DPR) is 14.20%.

A number of equities analysts have commented on the stock. TheStreet raised shares of EnerSys from a “c+” rating to a “b-” rating in a research report on Thursday. Oppenheimer set a $78.00 price objective on shares of EnerSys and gave the stock a “buy” rating in a research report on Friday, August 9th. Zacks Investment Research cut shares of EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price objective for the company. in a research report on Wednesday, October 9th. Finally, ValuEngine raised shares of EnerSys from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $78.44.

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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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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