Sei Investments Co. Has $3.56 Million Stake in Enersys (ENS)
Sei Investments Co. lessened its position in Enersys (NYSE:ENS) by 46.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,507 shares of the industrial products company’s stock after selling 44,821 shares during the quarter. Sei Investments Co. owned 0.12% of Enersys worth $3,563,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its holdings in shares of Enersys by 1.2% in the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 18 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Enersys by 7.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after acquiring an additional 122 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in shares of Enersys by 68.1% in the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 784 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Enersys in the 3rd quarter worth about $188,000. Finally, Alpine Global Management LLC bought a new stake in shares of Enersys in the 2nd quarter worth about $220,000. Hedge funds and other institutional investors own 97.18% of the company’s stock.
In related news, insider Todd M. Sechrist sold 7,500 shares of Enersys stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $66.50, for a total transaction of $498,750.00. Following the completion of the sale, the insider now owns 61,182 shares in the company, valued at approximately $4,068,603. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.01. Enersys had a net margin of 6.64% and a return on equity of 18.17%. The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $603.54 million. During the same quarter last year, the business posted $1.15 EPS. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. equities analysts forecast that Enersys will post 4.58 earnings per share for the current fiscal year.
Enersys announced that its board has approved a stock repurchase plan on Wednesday, August 9th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.175 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.01%. Enersys’s payout ratio is 19.07%.
Several equities research analysts have recently issued reports on ENS shares. BidaskClub upgraded shares of Enersys from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 2nd. Oppenheimer restated a “buy” rating and issued a $82.00 target price (down previously from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Enersys from a “hold” rating to a “strong sell” rating in a report on Monday, August 14th. Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price for the company in a report on Thursday, August 17th. Finally, ValuEngine lowered shares of Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $80.00.
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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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