Edgestream Partners L.P. Takes $2.38 Million Position in Enersys (NYSE:ENS)

Edgestream Partners L.P. acquired a new stake in Enersys (NYSE:ENS - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 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 institutional investors also recently made changes to their positions in the stock. Quarry LP increased its position in Enersys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after buying an additional 204 shares during the period. UMB Bank n.a. grew its holdings in shares of Enersys by 197.2% during the 1st quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Headlands Technologies LLC boosted its stake in Enersys by 937.2% in the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after buying an additional 403 shares in the last quarter. Canada Pension Plan Investment Board raised its position in Enersys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 100 shares during the last quarter. Finally, CX Institutional bought a new stake in shares of Enersys during the first quarter worth $69,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Enersys Stock Down 0.2%

Shares of NYSE:ENS traded down $0.15 during mid-day trading on Monday, hitting $88.54. 189,483 shares of the company traded hands, compared to its average volume of 367,225. The company has a current ratio of 2.70, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. Enersys has a 12-month low of $76.57 and a 12-month high of $112.53. The stock has a market cap of $3.47 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.51 and a beta of 1.07. The stock has a 50-day moving average price of $88.12 and a two-hundred day moving average price of $91.64.

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

Enersys Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, June 13th. Enersys's payout ratio is presently 10.65%.

Insiders Place Their Bets

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

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.