Earnest Partners LLC Has $94.23 Million Position in Enersys (ENS)

Earnest Partners LLC cut its stake in shares of Enersys (NYSE:ENS) by 1.8% during the first quarter, Holdings Channel reports. The institutional investor owned 1,193,684 shares of the industrial products company’s stock after selling 21,358 shares during the period. Enersys comprises 1.0% of Earnest Partners LLC’s investment portfolio, making the stock its 28th largest position. Earnest Partners LLC’s holdings in Enersys were worth $94,229,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Enersys by 17,956.9% in the first quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock valued at $350,852,000 after buying an additional 4,419,908 shares in the last quarter. Vanguard Group Inc. raised its position in Enersys by 9.4% in the first quarter. Vanguard Group Inc. now owns 3,710,902 shares of the industrial products company’s stock valued at $292,939,000 after buying an additional 318,032 shares in the last quarter. Boston Partners raised its position in Enersys by 174.8% in the first quarter. Boston Partners now owns 1,810,043 shares of the industrial products company’s stock valued at $142,885,000 after buying an additional 1,151,323 shares in the last quarter. State Street Corp raised its position in Enersys by 3.5% in the first quarter. State Street Corp now owns 1,432,212 shares of the industrial products company’s stock valued at $113,059,000 after buying an additional 48,515 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Enersys by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 927,653 shares of the industrial products company’s stock valued at $73,229,000 after buying an additional 21,932 shares in the last quarter. 94.77% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Enersys (NYSE:ENS)

Enersys (ENS) traded up 0.92% during midday trading on Friday, hitting $76.93. 423,257 shares of the stock were exchanged. The company’s 50 day moving average is $80.34 and its 200 day moving average is $78.95. The company has a market capitalization of $3.35 billion, a P/E ratio of 21.13 and a beta of 1.65. Enersys has a 1-year low of $55.73 and a 1-year high of $84.74.

Enersys (NYSE:ENS) last posted its quarterly earnings data on Tuesday, May 30th. The industrial products company reported $1.28 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.28. Enersys had a net margin of 6.77% and a return on equity of 19.57%. Analysts predict that Enersys will post $4.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Wednesday, June 14th. Enersys’s dividend payout ratio (DPR) is 19.23%.

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A number of research firms have recently weighed in on ENS. Oppenheimer Holdings, Inc. set a $95.00 price target on shares of Enersys and gave the company a “buy” rating in a research note on Tuesday, March 21st. Zacks Investment Research downgraded shares of Enersys from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Finally, ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Enersys has an average rating of “Hold” and a consensus price target of $84.33.

In related news, insider Holger P. Aschke sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total value of $243,000.00. Following the transaction, the insider now directly owns 28,928 shares in the company, valued at $2,343,168. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kerry M. Kane sold 4,413 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total transaction of $362,572.08. Following the completion of the transaction, the vice president now owns 17,210 shares in the company, valued at $1,413,973.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,676 shares of company stock worth $627,462. 1.10% of the stock is 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.

Want to see what other hedge funds are holding ENS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Enersys (NYSE:ENS).

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