Enersys (ENS) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System boosted its holdings in shares of Enersys (NYSE:ENS) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 150,300 shares of the industrial products company’s stock after buying an additional 2,700 shares during the period. California Public Employees Retirement System owned approximately 0.35% of Enersys worth $10,889,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Enersys by 7.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock valued at $123,000 after buying an additional 122 shares during the period. World Asset Management Inc boosted its stake in Enersys by 0.9% during the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock valued at $211,000 after buying an additional 25 shares during the period. Riverhead Capital Management LLC boosted its stake in Enersys by 77.6% during the second quarter. Riverhead Capital Management LLC now owns 3,197 shares of the industrial products company’s stock valued at $232,000 after buying an additional 1,397 shares during the period. Oakbrook Investments LLC bought a new stake in Enersys during the second quarter valued at $235,000. Finally, Palouse Capital Management Inc. bought a new stake in Enersys during the second quarter valued at $241,000. 94.46% of the stock is owned by institutional investors.
Shares of Enersys (ENS) opened at 68.41 on Friday. The firm’s 50-day moving average price is $66.21 and its 200 day moving average price is $73.61. Enersys has a 52 week low of $61.33 and a 52 week high of $84.74. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 18.43 and a beta of 1.70.
Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The firm had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a net margin of 6.86% and a return on equity of 18.90%. 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 business earned $1.14 EPS. On average, equities research analysts forecast that Enersys will post $4.67 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.02%. Enersys’s payout ratio is 18.87%.
Enersys declared that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Several equities research analysts recently issued reports on the company. BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. ValuEngine lowered Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research raised Enersys from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $82.00 price target (down previously from $92.00) on shares of Enersys in a research note on Wednesday, August 9th. Finally, Sidoti raised Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $82.50.
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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