Enersys (ENS) Holdings Lifted by Segall Bryant & Hamill LLC
Segall Bryant & Hamill LLC raised its stake in shares of Enersys (NYSE:ENS) by 8.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 72,698 shares of the industrial products company’s stock after buying an additional 5,841 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.17% of Enersys worth $5,029,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Advisor Group Inc. grew its holdings in shares of Enersys by 1.2% during the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 18 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Enersys by 7.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after purchasing an additional 122 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of Enersys by 68.1% during the second quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 784 shares in the last quarter. Victory Capital Management Inc. purchased a new position in shares of Enersys during the third quarter worth about $188,000. Finally, Brown Advisory Inc. purchased a new position in shares of Enersys during the third quarter worth about $208,000. 97.25% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on ENS shares. Sidoti raised Enersys from a “neutral” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Thursday, August 17th. Zacks Investment Research raised Enersys from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Oppenheimer reissued a “buy” rating and set a $77.00 price objective (down previously from $82.00) on shares of Enersys in a report on Wednesday, November 1st. BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, ValuEngine lowered Enersys from a “buy” rating to a “hold” rating in a report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Enersys has a consensus rating of “Hold” and an average price target of $80.00.
Enersys (ENS) opened at $67.58 on Friday. Enersys has a twelve month low of $61.33 and a twelve month high of $84.74. The company has a current ratio of 3.43, a quick ratio of 2.49 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2,846.81, a PE ratio of 14.60, a PEG ratio of 2.46 and a beta of 1.68.
Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The company had revenue of $617.30 million during the quarter, compared to analyst estimates of $603.54 million. Enersys had a return on equity of 18.17% and a net margin of 6.64%. Enersys’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.15 earnings per share. research analysts forecast that Enersys will post 4.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.175 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a yield of 1.04%. Enersys’s payout ratio is 19.07%.
Enersys announced that its board has authorized a share buyback program on Wednesday, November 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is 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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