Enersys (ENS) Holdings Reduced by OxFORD Asset Management LLP
OxFORD Asset Management LLP lessened its position in Enersys (NYSE:ENS) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,326 shares of the industrial products company’s stock after selling 1,215 shares during the period. OxFORD Asset Management LLP owned about 0.09% of Enersys worth $2,849,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in ENS. BlackRock Inc. increased its stake in shares of Enersys by 17,956.9% during the 1st quarter. BlackRock Inc. now owns 4,444,522 shares of the industrial products company’s stock worth $350,852,000 after purchasing an additional 4,419,908 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Enersys by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,808,221 shares of the industrial products company’s stock valued at $275,907,000 after purchasing an additional 97,319 shares during the period. Boston Partners raised its holdings in shares of Enersys by 47.8% in the 2nd quarter. Boston Partners now owns 2,676,099 shares of the industrial products company’s stock valued at $193,884,000 after purchasing an additional 866,056 shares during the period. State Street Corp raised its holdings in shares of Enersys by 3.5% in the 1st quarter. State Street Corp now owns 1,432,212 shares of the industrial products company’s stock valued at $113,059,000 after purchasing an additional 48,515 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Enersys by 4.5% in the 2nd quarter. Northern Trust Corp now owns 1,001,093 shares of the industrial products company’s stock valued at $72,529,000 after purchasing an additional 43,549 shares during the period. 94.46% of the stock is owned by institutional investors.
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Several equities research analysts recently issued reports on the stock. ValuEngine downgraded shares of Enersys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded Enersys from a “buy” rating to a “sell” rating in a research report on Monday, June 5th. BidaskClub downgraded Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Sidoti upgraded Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Thursday, August 17th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $82.00 price objective (down previously from $92.00) on shares of Enersys in a research note on Wednesday, August 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Enersys currently has an average rating of “Hold” and an average target price of $82.67.
Enersys (ENS) opened at 69.01 on Tuesday. Enersys has a 52-week low of $61.33 and a 52-week high of $84.74. The company has a market capitalization of $3.00 billion, a PE ratio of 18.60 and a beta of 1.70. The firm’s 50-day moving average is $65.63 and its 200-day moving average is $73.81.
Enersys (NYSE:ENS) last released its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by ($0.01). The business had revenue of $622.60 million for the quarter, compared to the consensus estimate of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. On average, equities research analysts forecast that Enersys will post $4.67 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.70 annualized dividend and a yield of 1.01%. Enersys’s payout ratio is currently 18.87%.
Enersys declared that its board has authorized a share buyback plan on Wednesday, August 9th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the industrial products company to repurchase up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
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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