Quantitative Systematic Strategies LLC purchased a new position in EnerSys (NYSE:ENS) in the second quarter, Holdings Channel reports. The fund purchased 3,303 shares of the industrial products company’s stock, valued at approximately $226,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. NumerixS Investment Technologies Inc lifted its stake in EnerSys by 50.0% in the 1st quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the industrial products company’s stock valued at $114,000 after acquiring an additional 600 shares in the last quarter. Exane Derivatives bought a new stake in shares of EnerSys during the 2nd quarter worth $124,000. Oakbrook Investments LLC bought a new stake in shares of EnerSys during the 2nd quarter worth $202,000. Brinker Capital Inc. bought a new stake in shares of EnerSys during the 1st quarter worth $237,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of EnerSys during the 2nd quarter worth $247,000. 94.68% of the stock is owned by institutional investors and hedge funds.
Several research firms have commented on ENS. Sidoti set a $101.00 target price on EnerSys and gave the company a “buy” rating in a research report on Friday, May 17th. TheStreet downgraded EnerSys from a “b-” rating to a “c+” rating in a research report on Thursday, May 30th. ValuEngine downgraded EnerSys from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, Oppenheimer dropped their target price on EnerSys from $94.00 to $87.00 and set an “outperform” rating for the company in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $90.95.
EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.32 by ($0.02). The company had revenue of $780.20 million during the quarter, compared to analyst estimates of $819.86 million. EnerSys had a net margin of 5.58% and a return on equity of 17.22%. The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.17 EPS. As a group, analysts expect that EnerSys will post 5.8 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.175 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.70 annualized dividend and a dividend yield of 1.21%. EnerSys’s payout ratio is 14.20%.
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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