Northern Trust Corp increased its position in EnerSys (NYSE:ENS) by 17.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 982,267 shares of the company’s stock after buying an additional 146,600 shares during the period. Northern Trust Corp owned about 2.26% of EnerSys worth $67,962,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in ENS. Tower Research Capital LLC TRC bought a new stake in EnerSys during the second quarter worth approximately $182,000. LS Investment Advisors LLC boosted its stake in EnerSys by 78.2% in the third quarter. LS Investment Advisors LLC now owns 2,837 shares of the company’s stock worth $196,000 after buying an additional 1,245 shares in the last quarter. Calvert Investment Management Inc. bought a new stake in EnerSys during the second quarter worth approximately $203,000. Ameritas Investment Partners Inc. bought a new stake in EnerSys during the second quarter worth approximately $204,000. Finally, Public Employees Retirement System of Ohio boosted its stake in EnerSys by 11.9% in the second quarter. Public Employees Retirement System of Ohio now owns 3,815 shares of the company’s stock worth $227,000 after buying an additional 405 shares in the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.
EnerSys (NYSE:ENS) opened at 77.79 on Thursday. EnerSys has a 52-week low of $42.60 and a 52-week high of $83.70. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 24.97 and a beta of 1.71. The company’s 50-day moving average is $79.47 and its 200-day moving average is $70.73.
EnerSys (NYSE:ENS) last issued its quarterly earnings results on Thursday, November 10th. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.07. The firm earned $576 million during the quarter, compared to analysts’ expectations of $584.87 million. EnerSys had a net margin of 5.84% and a return on equity of 18.00%. EnerSys’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. Equities analysts predict that EnerSys will post $4.63 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend was Wednesday, December 14th. EnerSys’s dividend payout ratio is currently 22.36%.
A number of analysts have recently commented on the stock. Oppenheimer Holdings Inc. assumed coverage on shares of EnerSys in a research note on Friday, January 6th. They set an “outperform” rating and a $92.00 target price for the company. Sidoti cut shares of EnerSys from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 13th. Finally, Zacks Investment Research cut shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. EnerSys currently has an average rating of “Buy” and an average target price of $81.25.
In other news, insider Jeffrey W. Long sold 5,000 shares of the firm’s stock in a transaction on Friday, November 25th. The shares were sold at an average price of $78.83, for a total value of $394,150.00. Following the completion of the sale, the insider now owns 54,638 shares in the company, valued at approximately $4,307,113.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.
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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