Schroder Investment Management Group Increases Position in Enersys (ENS)
Schroder Investment Management Group increased its holdings in shares of Enersys (NYSE:ENS) by 156.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,200 shares of the industrial products company’s stock after purchasing an additional 11,700 shares during the period. Schroder Investment Management Group’s holdings in Enersys were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Enersys by 7.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 122 shares during the period. World Asset Management Inc boosted its position in Enersys by 0.9% during the 1st quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 25 shares during the period. Oakbrook Investments LLC purchased a new stake in Enersys during the 2nd quarter worth $235,000. Palouse Capital Management Inc. purchased a new stake in Enersys during the 2nd quarter worth $241,000. Finally, Teacher Retirement System of Texas boosted its position in Enersys by 3.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,562 shares of the industrial products company’s stock worth $258,000 after purchasing an additional 109 shares during the period. 94.46% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on ENS. ValuEngine cut shares of Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. BidaskClub cut shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Sidoti raised shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Thursday, August 17th. Zacks Investment Research cut shares of Enersys from a “hold” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $82.00 price target (down from $92.00) on shares of Enersys in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $82.67.
Enersys (NYSE:ENS) opened at 68.20 on Friday. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 18.38 and a beta of 1.66. Enersys has a one year low of $61.33 and a one year high of $84.74. The firm has a 50-day moving average of $66.29 and a 200-day moving average of $74.35.
Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share (EPS) 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 firm had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. During the same quarter in the previous year, the business posted $1.14 earnings per share. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. Analysts anticipate that Enersys will post $4.67 EPS for the current year.
Enersys declared that its board has initiated a share repurchase plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the industrial products company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.03%. Enersys’s payout ratio is presently 18.87%.
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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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