JPMorgan Chase & Co. reduced its position in EnerSys (NYSE:ENS) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,196 shares of the company’s stock after selling 53,114 shares during the period. JPMorgan Chase & Co. owned approximately 0.55% of EnerSys worth $14,047,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Kennedy Capital Management Inc. boosted its stake in shares of EnerSys by 70.7% in the first quarter. Kennedy Capital Management Inc. now owns 218,918 shares of the company’s stock valued at $12,198,000 after buying an additional 90,644 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of EnerSys by 3.2% in the first quarter. Geode Capital Management LLC now owns 289,894 shares of the company’s stock valued at $16,152,000 after buying an additional 9,112 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of EnerSys by 7.1% in the first quarter. Goldman Sachs Group Inc. now owns 529,132 shares of the company’s stock valued at $29,483,000 after buying an additional 35,269 shares during the last quarter. UBS Group AG boosted its stake in shares of EnerSys by 45.7% in the first quarter. UBS Group AG now owns 44,172 shares of the company’s stock valued at $2,462,000 after buying an additional 13,863 shares during the last quarter. Finally, NWQ Investment Management Company LLC boosted its stake in shares of EnerSys by 4.2% in the first quarter. NWQ Investment Management Company LLC now owns 1,103,108 shares of the company’s stock valued at $61,465,000 after buying an additional 44,376 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.
EnerSys (NYSE:ENS) traded up 1.41% during midday trading on Friday, reaching $69.19. 243,236 shares of the company were exchanged. The company has a market capitalization of $3.00 billion, a PE ratio of 23.36 and a beta of 1.52. The firm has a 50-day moving average price of $69.43 and a 200-day moving average price of $62.26. EnerSys has a 52 week low of $42.60 and a 52 week high of $73.12.
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. EnerSys had a net margin of 5.62% and a return on equity of 17.71%. The business earned $600.60 million during the quarter, compared to analysts’ expectations of $599.28 million. During the same period last year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts anticipate that EnerSys will post $4.43 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Wednesday, September 14th. EnerSys’s dividend payout ratio is presently 23.65%.
Separately, Maxim Group upped their price target on shares of EnerSys from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $71.33.
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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