25,945 Shares in Enersys (NYSE:ENS) Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. bought a new stake in shares of Enersys (NYSE:ENS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 25,945 shares of the industrial products company's stock, valued at approximately $2,376,000. Edgestream Partners L.P. owned about 0.07% of Enersys at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Quarry LP lifted its stake in Enersys by 153.4% during the 4th quarter. Quarry LP now owns 337 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 204 shares during the period. UMB Bank n.a. raised its position in Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. Headlands Technologies LLC increased its position in shares of Enersys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after purchasing an additional 403 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in Enersys by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after acquiring an additional 100 shares in the last quarter. Finally, CX Institutional acquired a new stake in Enersys in the 1st quarter valued at about $69,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Stock Up 3.2%

Shares of ENS opened at $89.50 on Friday. Enersys has a one year low of $76.57 and a one year high of $112.53. The company has a market cap of $3.51 billion, a P/E ratio of 9.93, a P/E/G ratio of 0.50 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.74. The firm has a 50 day simple moving average of $88.21 and a two-hundred day simple moving average of $91.67.

Enersys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.78 by $0.19. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The firm had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. During the same quarter in the prior year, the business earned $2.08 earnings per share. The business's quarterly revenue was up 7.0% compared to the same quarter last year. Research analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, June 13th. Enersys's payout ratio is presently 10.65%.

Insider Transactions at Enersys

In other Enersys news, CEO Shawn M. O'connell acquired 475 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average price of $83.76 per share, with a total value of $39,786.00. Following the completion of the purchase, the chief executive officer directly owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. The trade was a 1.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Andrea J. Funk bought 315 shares of Enersys stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $80.20 per share, with a total value of $25,263.00. Following the completion of the acquisition, the chief financial officer owned 50,645 shares of the company's stock, valued at $4,061,729. The trade was a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,085 shares of company stock worth $89,726 in the last 90 days. Corporate insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ENS shares. Roth Mkm restated a "buy" rating and issued a $120.00 price target on shares of Enersys in a research report on Wednesday, May 14th. Roth Capital reaffirmed a "buy" rating on shares of Enersys in a research report on Thursday, May 22nd. Finally, Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th.

Enersys Profile

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.

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