Smith Graham & Co. Investment Advisors LP decreased its position in shares of EnerSys (NYSE:ENS) by 6.0% during the second quarter, Holdings Channel reports. The fund owned 125,864 shares of the company’s stock after selling 8,070 shares during the period. EnerSys makes up about 1.0% of Smith Graham & Co. Investment Advisors LP’s investment portfolio, making the stock its 17th largest position. Smith Graham & Co. Investment Advisors LP’s holdings in EnerSys were worth $7,485,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in EnerSys during the fourth quarter valued at $41,787,000. Glenmede Trust Co. NA increased its position in EnerSys by 3.8% in the first quarter. Glenmede Trust Co. NA now owns 357,523 shares of the company’s stock valued at $19,920,000 after buying an additional 12,978 shares during the last quarter. Aperio Group LLC increased its position in EnerSys by 0.5% in the first quarter. Aperio Group LLC now owns 9,909 shares of the company’s stock valued at $552,000 after buying an additional 46 shares during the last quarter. Mondrian Investment Partners LTD increased its position in EnerSys by 8,134.1% in the first quarter. Mondrian Investment Partners LTD now owns 25,855 shares of the company’s stock valued at $1,441,000 after buying an additional 25,541 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in EnerSys by 29.1% in the first quarter. TIAA CREF Investment Management LLC now owns 210,761 shares of the company’s stock valued at $11,744,000 after buying an additional 47,520 shares during the last quarter. Institutional investors own 96.42% of the company’s stock.
EnerSys (NYSE:ENS) traded up 0.71% during mid-day trading on Tuesday, hitting $67.77. 177,291 shares of the stock traded hands. The firm has a market cap of $2.94 billion, a P/E ratio of 22.88 and a beta of 1.52. EnerSys has a 52-week low of $42.60 and a 52-week high of $73.12. The firm’s 50-day moving average is $69.13 and its 200 day moving average is $61.98.
EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.04. The firm earned $600.60 million during the quarter, compared to analyst estimates of $599.28 million. EnerSys had a return on equity of 17.71% and a net margin of 5.62%. EnerSys’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 EPS. Equities analysts predict that EnerSys will post $4.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Wednesday, September 14th. EnerSys’s dividend payout ratio is presently 23.65%.
Separately, Maxim Group upgraded shares of EnerSys from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, June 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. EnerSys presently 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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