Wells Fargo & Company MN grew its stake in shares of Enersys (NYSE:ENS) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 536,727 shares of the industrial products company’s stock after buying an additional 3,569 shares during the period. Wells Fargo & Company MN owned 1.24% of Enersys worth $38,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Enersys by 17,956.9% during the first quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock valued at $350,852,000 after buying an additional 4,419,908 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Enersys by 9.4% during the first quarter. Vanguard Group Inc. now owns 3,710,902 shares of the industrial products company’s stock valued at $292,939,000 after buying an additional 318,032 shares during the last quarter. Boston Partners raised its position in shares of Enersys by 47.8% during the second quarter. Boston Partners now owns 2,676,099 shares of the industrial products company’s stock valued at $193,884,000 after buying an additional 866,056 shares during the last quarter. State Street Corp raised its position in shares of Enersys by 3.5% during the first quarter. State Street Corp now owns 1,432,212 shares of the industrial products company’s stock valued at $113,059,000 after buying an additional 48,515 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Enersys by 2.4% during the first quarter. Bank of New York Mellon Corp now owns 927,653 shares of the industrial products company’s stock valued at $73,229,000 after buying an additional 21,932 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company’s stock.

Shares of Enersys (NYSE:ENS) opened at 67.30 on Wednesday. The company has a market cap of $2.92 billion, a PE ratio of 18.14 and a beta of 1.66. Enersys has a 12 month low of $61.33 and a 12 month high of $84.74. The company has a 50-day moving average of $66.29 and a 200 day moving average of $74.35.

Enersys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.01). Enersys had a net margin of 6.86% and a return on equity of 18.90%. The firm had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. During the same period in the prior year, the company posted $1.14 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts anticipate that Enersys will post $4.67 earnings per share for the current year.

Enersys declared that its board has approved a stock buyback plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 3.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, September 14th. Enersys’s dividend payout ratio is currently 18.87%.

ENS has been the topic of several recent analyst reports. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $92.00 price objective (down previously from $95.00) on shares of Enersys in a research report on Friday, June 2nd. ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Enersys from a “buy” rating to a “sell” rating in a research report on Monday, June 5th. BidaskClub cut shares of Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price target on the stock in a research report on Thursday, August 17th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $82.67.

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About Enersys

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.

Institutional Ownership by Quarter for Enersys (NYSE:ENS)

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