Wedge Capital Management L L P NC Cuts Position in EnerSys (NYSE:ENS)

Wedge Capital Management L L P NC trimmed its position in EnerSys (NYSE:ENS) by 45.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,496 shares of the industrial products company’s stock after selling 36,525 shares during the quarter. Wedge Capital Management L L P NC’s holdings in EnerSys were worth $4,503,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Silver Lake Advisory LLC raised its holdings in shares of EnerSys by 0.5% during the 4th quarter. Silver Lake Advisory LLC now owns 27,261 shares of the industrial products company’s stock valued at $2,752,000 after buying an additional 126 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of EnerSys by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock valued at $422,000 after buying an additional 126 shares during the period. Retirement Systems of Alabama raised its holdings in shares of EnerSys by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock valued at $4,794,000 after buying an additional 154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of EnerSys by 1.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,431 shares of the industrial products company’s stock valued at $952,000 after buying an additional 167 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after buying an additional 224 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENS. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. BTIG Research downgraded EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th.

EnerSys Stock Up 1.7 %

ENS stock traded up $1.61 during midday trading on Thursday, hitting $96.31. 196,319 shares of the company’s stock were exchanged, compared to its average volume of 247,245. The company has a current ratio of 2.46, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. EnerSys has a 12-month low of $83.27 and a 12-month high of $112.53. The firm has a 50 day moving average price of $103.35 and a 200-day moving average price of $97.58. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.28.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.01. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. The company had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same period in the previous year, the business earned $1.89 EPS. EnerSys’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, analysts anticipate that EnerSys will post 8.74 EPS for the current year.

EnerSys Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.24 per share. The ex-dividend date is Monday, September 16th. This is an increase from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 1.00%. EnerSys’s payout ratio is currently 14.77%.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.