Oak Associates Ltd. OH Has $4.04 Million Position in Enersys (ENS)
Oak Associates Ltd. OH increased its position in Enersys (NYSE:ENS) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,812 shares of the industrial products company’s stock after purchasing an additional 1,000 shares during the period. Oak Associates Ltd. OH owned approximately 0.13% of Enersys worth $4,044,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new position in Enersys in the 2nd quarter worth about $578,000. Public Employees Retirement System of Ohio boosted its stake in Enersys by 26.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 32,105 shares of the industrial products company’s stock worth $2,326,000 after purchasing an additional 6,736 shares in the last quarter. Koch Industries Inc. bought a new position in Enersys in the 2nd quarter worth about $302,000. Ameritas Investment Partners Inc. boosted its stake in Enersys by 1.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 16,787 shares of the industrial products company’s stock worth $1,216,000 after purchasing an additional 220 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in Enersys in the 2nd quarter worth about $653,000. Institutional investors own 94.46% of the company’s stock.
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Shares of Enersys (NYSE ENS) traded up 0.41% during trading on Monday, reaching $68.25. The company’s stock had a trading volume of 141,842 shares. Enersys has a 12-month low of $61.33 and a 12-month high of $84.74. The firm’s 50-day moving average is $67.19 and its 200-day moving average is $73.29. The stock has a market capitalization of $2.96 billion, a PE ratio of 18.39 and a beta of 1.70.
Enersys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.01). The business had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. Enersys’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 EPS. Equities analysts expect that Enersys will post $4.67 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 1.03%. The ex-dividend date was Thursday, September 14th. Enersys’s dividend payout ratio is presently 18.87%.
Enersys announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 3.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
ENS has been the subject of a number of recent analyst reports. Oppenheimer Holdings, Inc. reissued a “buy” rating and issued a $82.00 target price (down previously from $92.00) on shares of Enersys in a research report on Wednesday, August 9th. Sidoti raised Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Thursday, August 17th. Zacks Investment Research raised Enersys from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine lowered Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, BidaskClub lowered Enersys from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $82.50.
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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