Stifel Financial Corp reduced its holdings in shares of EnerSys (NYSE:ENS) by 25.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,756 shares of the industrial products company’s stock after selling 48,121 shares during the period. Stifel Financial Corp owned about 0.33% of EnerSys worth $9,330,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in EnerSys by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 31,105 shares of the industrial products company’s stock valued at $2,131,000 after purchasing an additional 193 shares during the last quarter. First Interstate Bank lifted its position in EnerSys by 7.0% during the third 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 period. Strs Ohio boosted its holdings in EnerSys by 5.4% in the second quarter. Strs Ohio now owns 3,900 shares of the industrial products company’s stock valued at $267,000 after purchasing an additional 200 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in EnerSys by 20.1% in the third 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. Finally, ETRADE Capital Management LLC boosted its holdings in EnerSys by 2.3% in the second quarter. ETRADE Capital Management LLC now owns 10,620 shares of the industrial products company’s stock valued at $727,000 after purchasing an additional 237 shares during the last quarter. Institutional investors and hedge funds own 96.69% of the company’s stock.
A number of equities analysts have weighed in on the company. TheStreet upgraded EnerSys from a “c+” rating to a “b-” rating in a research note on Thursday, November 7th. Oppenheimer set a $78.00 target price on EnerSys and gave the stock a “buy” rating in a research note on Friday, August 9th. ValuEngine raised EnerSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered EnerSys from a “buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $78.44.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.03. The company had revenue of $762.10 million for the quarter, compared to analyst estimates of $759.49 million. EnerSys had a net margin of 5.90% and a return on equity of 16.96%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $1.17 earnings per share. Equities analysts expect that EnerSys will post 5.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Thursday, December 12th. EnerSys’s dividend payout ratio is currently 14.20%.
In other 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 transaction of $399,625.00. Following the transaction, the insider now owns 38,804 shares of the company’s stock, valued at approximately $2,696,878. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.59% of the company’s stock.
EnerSys Company Profile
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.
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