Prescott Group Capital Management L.L.C. continued to hold its position in shares of Enersys (NYSE:ENS) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,250 shares of the industrial products company’s stock at the end of the second quarter. Prescott Group Capital Management L.L.C.’s holdings in Enersys were worth $960,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. First Interstate Bank raised its position in shares of Enersys by 0.4% in the first quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock worth $187,000 after buying an additional 10 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Enersys during the first quarter worth about $205,000. World Asset Management Inc raised its position in shares of Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after buying an additional 25 shares during the period. Highbridge Capital Management LLC acquired a new position in shares of Enersys during the fourth quarter worth about $216,000. Finally, Oakbrook Investments LLC purchased a new position in shares of Enersys during the second quarter worth $235,000. Hedge funds and other institutional investors own 97.52% of the company’s stock.
Shares of Enersys (ENS) traded down 1.29% during mid-day trading on Friday, hitting $62.01. The company’s stock had a trading volume of 227,165 shares. Enersys has a 12-month low of $61.96 and a 12-month high of $84.74. The stock has a 50-day moving average of $70.59 and a 200-day moving average of $76.40. The company has a market cap of $2.69 billion, a PE ratio of 16.71 and a beta of 1.65.
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 company had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. During the same quarter last year, the business posted $1.14 EPS. Enersys’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities research analysts forecast that Enersys will post $4.67 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a $0.175 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.13%. Enersys’s dividend payout ratio (DPR) is currently 18.87%.
Enersys declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.
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A number of research analysts have weighed in on the company. BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a report on Friday. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Thursday. Zacks Investment Research lowered Enersys from a “hold” rating to a “strong sell” rating in a report on Monday. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $82.00 price objective (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Finally, ValuEngine upgraded 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 and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $82.67.
In other news, insider Holger P. Aschke sold 3,000 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total value of $243,000.00. Following the completion of the sale, the insider now owns 28,928 shares in the company, valued at $2,343,168. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction, the vice president now directly owns 17,210 shares of the company’s stock, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
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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