Enersys (ENS) Shares Sold by Dupont Capital Management Corp
Dupont Capital Management Corp reduced its holdings in shares of Enersys (NYSE:ENS) by 13.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,998 shares of the industrial products company’s stock after selling 5,642 shares during the quarter. Dupont Capital Management Corp owned 0.08% of Enersys worth $2,421,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Foundry Partners LLC boosted its stake in shares of Enersys by 4.1% during the 3rd quarter. Foundry Partners LLC now owns 178,811 shares of the industrial products company’s stock valued at $12,368,000 after buying an additional 7,028 shares during the last quarter. Parametrica Management Ltd acquired a new stake in shares of Enersys during the 3rd quarter valued at approximately $394,000. Victory Capital Management Inc. acquired a new stake in shares of Enersys during the 3rd quarter valued at approximately $188,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Enersys during the 3rd quarter valued at approximately $329,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Enersys by 10.0% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 627,850 shares of the industrial products company’s stock valued at $43,429,000 after acquiring an additional 57,150 shares in the last quarter. Institutional investors own 93.30% of the company’s stock.
Several research firms recently issued reports on ENS. Zacks Investment Research lowered Enersys from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $77.00 price target (down from $82.00) on shares of Enersys in a research report on Wednesday, November 1st. ValuEngine lowered Enersys from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Finally, Sidoti raised 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 equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $80.00.
Shares of Enersys (NYSE ENS) opened at $68.00 on Wednesday. Enersys has a 52-week low of $61.33 and a 52-week high of $84.74. The company has a quick ratio of 2.40, a current ratio of 3.23 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $2,982.97, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 2.45 and a beta of 1.70.
Enersys (NYSE:ENS) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.13 by ($0.01). Enersys had a return on equity of 18.90% and a net margin of 6.86%. The company 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 business earned $1.14 earnings per share. Enersys’s quarterly revenue was up 3.7% on a year-over-year basis. equities analysts anticipate that Enersys will post 4.68 EPS for the current fiscal year.
Enersys announced that its Board of Directors has authorized a stock buyback program 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Enersys Company Profile
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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