Tower Research Capital LLC TRC acquired a new stake in shares of EnerSys (NYSE:ENS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,055 shares of the company’s stock, valued at approximately $182,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC bought a new position in EnerSys during the first quarter valued at about $106,000. BlackRock Inc. boosted its position in EnerSys by 91.6% in the first quarter. BlackRock Inc. now owns 3,546 shares of the company’s stock valued at $198,000 after buying an additional 1,695 shares during the period. Calvert Investment Management Inc. bought a new position in EnerSys during the second quarter valued at about $203,000. First Interstate Bank boosted its position in EnerSys by 13.1% in the second quarter. First Interstate Bank now owns 3,420 shares of the company’s stock valued at $203,000 after buying an additional 395 shares during the period. Finally, Alambic Investment Management L.P. bought a new position in EnerSys during the second quarter valued at about $213,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Shares of EnerSys (NYSE:ENS) opened at 68.73 on Tuesday. The company has a market capitalization of $2.98 billion, a PE ratio of 23.20 and a beta of 1.52. The company’s 50-day moving average is $69.41 and its 200-day moving average is $62.45. EnerSys has a one year low of $42.60 and a one year high of $73.12.
EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.04. EnerSys had a net margin of 5.62% and a return on equity of 17.71%. The business had revenue of $600.60 million for the quarter, compared to analyst estimates of $599.28 million. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. Equities analysts predict that EnerSys will post $4.43 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is currently 23.65%.
Separately, Maxim Group increased their price objective on shares of EnerSys from $74.00 to $78.00 and gave the company a “buy” rating in a report on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target 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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