Mondrian Investment Partners LTD Boosts Position in Enersys (ENS)
Mondrian Investment Partners LTD increased its stake in shares of Enersys (NYSE:ENS) by 41.0% during the second quarter, Holdings Channel reports. The institutional investor owned 35,803 shares of the industrial products company’s stock after buying an additional 10,417 shares during the period. Mondrian Investment Partners LTD’s holdings in Enersys were worth $2,594,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in Enersys by 4.2% in the first quarter. Great West Life Assurance Co. Can now owns 26,019 shares of the industrial products company’s stock valued at $2,053,000 after buying an additional 1,050 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Enersys during the first quarter valued at about $5,178,000. Wells Fargo & Company MN raised its stake in shares of Enersys by 28.9% in the first quarter. Wells Fargo & Company MN now owns 533,158 shares of the industrial products company’s stock valued at $42,087,000 after buying an additional 119,632 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Enersys by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,200 shares of the industrial products company’s stock valued at $1,200,000 after buying an additional 200 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of Enersys by 81.3% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 50,173 shares of the industrial products company’s stock valued at $3,961,000 after buying an additional 22,500 shares during the last quarter. 95.86% of the stock is currently owned by institutional investors and hedge funds.
Shares of Enersys (ENS) opened at 63.41 on Friday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of 17.09 and a beta of 1.65. Enersys has a 52 week low of $62.31 and a 52 week high of $84.74. The firm has a 50-day moving average of $71.99 and a 200 day moving average of $76.99.
Enersys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by $0.01. Enersys had a net margin of 6.86% and a return on equity of 18.90%. The business had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. During the same period last year, the business posted $1.14 earnings per share. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that Enersys will post $4.83 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Thursday, September 14th. Enersys’s dividend payout ratio (DPR) is 18.87%.
Enersys announced that its Board of Directors has approved a stock buyback plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
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ENS has been the topic of several recent research 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 target on the stock 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. reiterated 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 issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $84.33.
In other news, VP Kerry M. Kane sold 4,413 shares of the stock in a transaction dated Wednesday, May 24th. The shares were 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 $1,413,973.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Holger P. Aschke sold 3,000 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total transaction of $243,000.00. Following the completion of the sale, the insider now owns 28,928 shares of the company’s stock, valued at approximately $2,343,168. The disclosure for this sale can be found here. Insiders sold 7,676 shares of company stock worth $627,462 over the last ninety days. 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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