Eaton Vance Management boosted its position in Enersys (NYSE:ENS) by 29.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 114,135 shares of the industrial products company’s stock after acquiring an additional 25,736 shares during the period. Eaton Vance Management owned 0.26% of Enersys worth $8,269,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Enersys by 7.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 122 shares during the last quarter. First Interstate Bank grew its holdings in Enersys by 0.4% in the 1st quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock worth $187,000 after acquiring an additional 10 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Enersys in the 1st quarter worth $205,000. World Asset Management Inc grew its holdings in Enersys by 0.9% in the 1st quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 25 shares during the last quarter. Finally, Oakbrook Investments LLC bought a new stake in Enersys in the 2nd quarter worth $235,000. 94.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of Enersys (NYSE:ENS) opened at 67.62 on Thursday. Enersys has a 52 week low of $61.33 and a 52 week high of $84.74. The stock’s 50 day moving average is $66.87 and its 200-day moving average is $74.74. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 18.22 and a beta of 1.66.

Enersys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The company had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. On average, equities analysts anticipate that Enersys will post $4.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, September 14th. Enersys’s payout ratio is presently 18.87%.

Enersys declared that its board has approved a share 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 purchase up to 3.2% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of brokerages have issued reports on ENS. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $92.00 price target (down previously from $95.00) on shares of Enersys in a report on Friday, June 2nd. Zacks Investment Research raised shares of Enersys from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Thursday, August 17th. BidaskClub lowered shares of Enersys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, ValuEngine raised shares of Enersys from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Enersys has a consensus rating of “Hold” and an average price target of $82.67.

Enersys 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.

Institutional Ownership by Quarter for Enersys (NYSE:ENS)

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