First Trust Advisors LP increased its position in shares of EnerSys (NYSE:ENS) by 150.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 39,018 shares of the company’s stock after buying an additional 23,432 shares during the period. First Trust Advisors LP owned about 0.09% of EnerSys worth $2,320,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of ENS. Aperio Group LLC boosted its stake in EnerSys by 0.5% in the first quarter. Aperio Group LLC now owns 9,909 shares of the company’s stock worth $552,000 after buying an additional 46 shares during the period. Capstone Asset Management Co. boosted its stake in EnerSys by 2.1% in the second quarter. Capstone Asset Management Co. now owns 13,383 shares of the company’s stock worth $796,000 after buying an additional 280 shares during the period. Strs Ohio boosted its stake in EnerSys by 21.6% in the second quarter. Strs Ohio now owns 6,200 shares of the company’s stock worth $368,000 after buying an additional 1,100 shares during the period. LPL Financial LLC boosted its stake in EnerSys by 23.1% in the first quarter. LPL Financial LLC now owns 6,002 shares of the company’s stock worth $322,000 after buying an additional 1,126 shares during the period. Finally, Boothbay Fund Management LLC boosted its stake in EnerSys by 37.2% in the first quarter. Boothbay Fund Management LLC now owns 6,150 shares of the company’s stock worth $343,000 after buying an additional 1,666 shares during the period. Hedge funds and other institutional investors own 96.42% of the company’s stock.
Shares of EnerSys (NYSE:ENS) traded up 1.83% during mid-day trading on Thursday, hitting $69.44. 228,781 shares of the stock were exchanged. EnerSys has a 12-month low of $42.60 and a 12-month high of $73.12. The company has a market capitalization of $3.02 billion, a PE ratio of 23.44 and a beta of 1.52. The firm has a 50-day moving average price of $68.71 and a 200 day moving average price of $61.64.
EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.04. The business had revenue of $600.60 million for the quarter, compared to the consensus estimate of $599.28 million. EnerSys had a net margin of 5.62% and a return on equity of 17.71%. EnerSys’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the company posted $1.00 EPS. On average, equities research analysts expect that EnerSys will post $4.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be issued a dividend of $0.175 per share. The ex-dividend date is Wednesday, September 14th. This represents a $0.70 annualized dividend and a yield of 1.03%. EnerSys’s dividend payout ratio (DPR) is currently 23.65%.
A number of analysts have issued reports on ENS shares. Maxim Group lifted their target price on shares of EnerSys from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Zacks Investment Research upgraded shares of EnerSys from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Wednesday, May 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. EnerSys currently has an average rating of “Buy” and an average target price of $71.33.
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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