OppenheimerFunds Inc. trimmed its holdings in EnerSys (NYSE:ENS) by 12.1% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 10,272 shares of the industrial products company’s stock after selling 1,413 shares during the quarter. OppenheimerFunds Inc.’s holdings in EnerSys were worth $713,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Sei Investments Co. raised its holdings in EnerSys by 18.4% during the 1st quarter. Sei Investments Co. now owns 58,156 shares of the industrial products company’s stock valued at $4,035,000 after buying an additional 9,030 shares during the last quarter. Van ECK Associates Corp raised its holdings in EnerSys by 5.7% during the 1st quarter. Van ECK Associates Corp now owns 54,475 shares of the industrial products company’s stock valued at $3,779,000 after buying an additional 2,941 shares during the last quarter. Citigroup Inc. raised its holdings in EnerSys by 89.5% during the 1st quarter. Citigroup Inc. now owns 32,422 shares of the industrial products company’s stock valued at $2,249,000 after buying an additional 15,315 shares during the last quarter. California Public Employees Retirement System raised its holdings in EnerSys by 2.0% during the 1st quarter. California Public Employees Retirement System now owns 160,449 shares of the industrial products company’s stock valued at $11,130,000 after buying an additional 3,118 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in EnerSys by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 326,923 shares of the industrial products company’s stock valued at $22,678,000 after buying an additional 13,292 shares during the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
NYSE:ENS opened at $78.21 on Monday. EnerSys has a 52 week low of $61.33 and a 52 week high of $82.25. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.13 and a quick ratio of 2.29. The firm has a market cap of $3.29 billion, a P/E ratio of 16.82, a PEG ratio of 1.48 and a beta of 1.50.
EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, May 16th. The industrial products company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.01. EnerSys had a net margin of 4.63% and a return on equity of 17.30%. The business had revenue of $683.00 million during the quarter, compared to analyst estimates of $669.19 million. During the same period in the prior year, the business earned $1.28 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. equities research analysts expect that EnerSys will post 5.3 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a $0.175 dividend. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.70 annualized dividend and a yield of 0.90%. EnerSys’s dividend payout ratio (DPR) is presently 15.05%.
ENS has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of EnerSys from a “hold” rating to a “buy” rating in a report on Saturday, March 10th. Zacks Investment Research upgraded shares of EnerSys from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a report on Monday, April 9th. Sidoti upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a report on Monday, May 7th. Finally, TheStreet upgraded shares of EnerSys from a “c+” rating to a “b+” rating in a report on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $81.33.
EnerSys manufactures, markets, and distributes industrial batteries. The company offers chargers, outdoor cabinet enclosures, power equipment, and battery accessories, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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