Vest Financial LLC Takes Position in EnerSys (NYSE:ENS)

Vest Financial LLC acquired a new stake in shares of EnerSys (NYSE:ENS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,488 shares of the industrial products company's stock, valued at approximately $2,975,000. Vest Financial LLC owned 0.08% of EnerSys at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hillsdale Investment Management Inc. boosted its stake in shares of EnerSys by 0.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company's stock valued at $3,526,000 after purchasing an additional 100 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of EnerSys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after acquiring an additional 100 shares in the last quarter. Aquatic Capital Management LLC grew its stake in shares of EnerSys by 2.5% in the 4th quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock worth $502,000 after buying an additional 133 shares in the last quarter. Mariner LLC increased its stake in EnerSys by 3.4% in the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock worth $412,000 after purchasing an additional 147 shares during the period. Finally, Aurora Investment Counsel grew its holdings in EnerSys by 0.9% during the 4th quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company's stock worth $1,875,000 after acquiring an additional 173 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ENS. Roth Mkm reaffirmed a "buy" rating and set a $120.00 price target on shares of EnerSys in a research report on Wednesday, May 14th. Roth Capital reissued a "buy" rating on shares of EnerSys in a research note on Thursday, May 22nd.

EnerSys Stock Performance

Shares of NYSE ENS traded up $1.37 during midday trading on Tuesday, reaching $89.56. 478,536 shares of the company were exchanged, compared to its average volume of 305,104. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53. The stock has a fifty day simple moving average of $87.00 and a 200 day simple moving average of $93.09. The stock has a market cap of $3.51 billion, a P/E ratio of 11.08, a PEG ratio of 0.57 and a beta of 1.08. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.19. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. The firm had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. During the same period last year, the company earned $2.08 EPS. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, research analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, June 13th. EnerSys's dividend payout ratio is 10.65%.

Insider Activity

In related news, CFO Andrea J. Funk bought 315 shares of EnerSys stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the acquisition, the chief financial officer now owns 50,645 shares in the company, valued at approximately $4,061,729. This represents a 0.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shawn M. O'connell acquired 475 shares of the 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 acquisition, the chief executive officer now directly owns 43,030 shares of the company's stock, valued at $3,604,192.80. The trade was a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 1,085 shares of company stock worth $89,726 in the last 90 days. Company insiders own 1.61% of the company's stock.

EnerSys Company 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.