PNC Financial Services Group Inc. cut its position in shares of EnerSys (NYSE:ENS – Get Rating) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,969 shares of the industrial products company’s stock after selling 758 shares during the quarter. PNC Financial Services Group Inc.’s holdings in EnerSys were worth $588,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC purchased a new stake in EnerSys during the 1st quarter valued at about $264,000. Bank of Montreal Can boosted its holdings in EnerSys by 12.9% during the 1st quarter. Bank of Montreal Can now owns 10,670 shares of the industrial products company’s stock valued at $812,000 after acquiring an additional 1,221 shares during the period. MetLife Investment Management LLC boosted its holdings in EnerSys by 35.1% during the 1st quarter. MetLife Investment Management LLC now owns 47,723 shares of the industrial products company’s stock valued at $3,559,000 after acquiring an additional 12,406 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in EnerSys by 8.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,118 shares of the industrial products company’s stock valued at $1,127,000 after acquiring an additional 1,229 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in EnerSys by 7.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company’s stock valued at $104,691,000 after acquiring an additional 101,062 shares during the period. 95.66% of the stock is currently owned by institutional investors.
EnerSys Trading Up 3.9 %
NYSE ENS opened at $103.22 on Friday. The stock has a market cap of $4.22 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.02 and a beta of 1.34. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.53 and a current ratio of 2.64. The stock has a 50 day simple moving average of $85.51 and a two-hundred day simple moving average of $82.44. EnerSys has a fifty-two week low of $55.60 and a fifty-two week high of $103.42.
EnerSys (NYSE:ENS – Get Rating) last released its earnings results on Thursday, May 25th. The industrial products company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.44. The company had revenue of $990.00 million during the quarter, compared to analysts’ expectations of $953.05 million. EnerSys had a return on equity of 14.75% and a net margin of 4.74%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. On average, analysts forecast that EnerSys will post 6.84 earnings per share for the current year.
EnerSys Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 16th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, June 15th. EnerSys’s payout ratio is presently 16.43%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Oppenheimer increased their target price on EnerSys from $99.00 to $110.00 in a report on Friday, May 26th. StockNews.com began coverage on EnerSys in a report on Thursday, May 18th. They issued a “strong-buy” rating for the company.
EnerSys Company Profile
EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.
Further Reading
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Source: defenseworld.net
