Evoke Wealth LLC bought a new position in EnerSys (NYSE:ENS) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 449 shares of the industrial products company’s stock, valued at approximately $30,000.
Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. increased its holdings in shares of EnerSys by 133.7% in the 3rd quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock worth $32,000 after buying an additional 278 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in EnerSys by 20.1% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,268 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 212 shares during the last quarter. First Interstate Bank grew its holdings in EnerSys by 7.0% during the 3rd quarter. First Interstate Bank now owns 3,002 shares of the industrial products company’s stock valued at $198,000 after purchasing an additional 197 shares during the last quarter. BBVA USA Bancshares Inc. bought a new position in EnerSys during the 3rd quarter valued at about $239,000. Finally, LPL Financial LLC grew its holdings in EnerSys by 20.8% during the 2nd quarter. LPL Financial LLC now owns 3,826 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 96.73% of the company’s stock.
ENS has been the topic of several analyst reports. Zacks Investment Research downgraded shares of EnerSys from a “buy” rating to a “hold” rating and set a $63.00 price target on the stock. in a report on Wednesday, October 9th. ValuEngine upgraded shares of EnerSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, TheStreet upgraded shares of EnerSys from a “c+” rating to a “b-” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. EnerSys currently has a consensus rating of “Buy” and an average price target of $80.67.
NYSE:ENS traded down $0.23 during mid-day trading on Wednesday, hitting $74.46. 208,433 shares of the stock traded hands, compared to its average volume of 185,633. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.46 and a beta of 1.61. The company has a quick ratio of 2.00, a current ratio of 2.90 and a debt-to-equity ratio of 0.85. EnerSys has a 52 week low of $53.56 and a 52 week high of $89.83. The firm’s 50 day moving average is $73.93 and its two-hundred day moving average is $66.75.
EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.03. The company had revenue of $762.10 million during the quarter, compared to analysts’ expectations of $759.49 million. EnerSys had a net margin of 5.90% and a return on equity of 16.96%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.17 EPS. As a group, research analysts predict that EnerSys will post 5.07 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.175 dividend. The ex-dividend date was Thursday, December 12th. This represents a $0.70 annualized dividend and a yield of 0.94%. EnerSys’s dividend payout ratio (DPR) is 14.20%.
In other EnerSys news, insider Holger P. Aschke sold 5,750 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $69.50, for a total value of $399,625.00. Following the completion of the sale, the insider now directly owns 38,804 shares of the company’s stock, valued at approximately $2,696,878. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.59% of the stock is owned by insiders.
About EnerSys
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
