Advisor Resource Council Makes New Investment in Enersys (NYSE:ENS)

Advisor Resource Council purchased a new position in Enersys (NYSE:ENS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,442 shares of the industrial products company's stock, valued at approximately $1,263,000.

A number of other hedge funds have also recently added to or reduced their stakes in ENS. QRG Capital Management Inc. grew its position in Enersys by 23.1% in the 1st quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock valued at $645,000 after purchasing an additional 1,323 shares during the period. CX Institutional acquired a new stake in shares of Enersys in the 1st quarter worth about $69,000. Charles Schwab Investment Management Inc. lifted its position in Enersys by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock valued at $56,338,000 after acquiring an additional 15,133 shares in the last quarter. Cetera Investment Advisers lifted its position in Enersys by 13.7% in the 4th quarter. Cetera Investment Advisers now owns 8,274 shares of the industrial products company's stock valued at $765,000 after acquiring an additional 997 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in Enersys by 37.0% during the 4th quarter. LPL Financial LLC now owns 13,322 shares of the industrial products company's stock worth $1,231,000 after purchasing an additional 3,601 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Insider Buying and Selling at Enersys

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

Analyst Ratings Changes

A number of research firms have recently weighed in on ENS. Roth Capital restated a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Roth Mkm restated a "buy" rating and set a $120.00 price objective on shares of Enersys in a research note on Wednesday, May 14th. Finally, Wall Street Zen lowered shares of Enersys from a "strong-buy" rating to a "buy" rating in a research note on Saturday.

Enersys Stock Performance

Shares of ENS stock traded up $1.76 during trading on Tuesday, hitting $84.57. The company's stock had a trading volume of 302,829 shares, compared to its average volume of 311,161. The business has a fifty day moving average of $87.65 and a 200-day moving average of $92.36. The company has a market cap of $3.32 billion, a PE ratio of 9.39, a P/E/G ratio of 0.48 and a beta of 1.08. Enersys has a 52 week low of $76.57 and a 52 week high of $112.53. 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 (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.19. The firm had revenue of $974.80 million during the quarter, compared to analyst estimates of $973.45 million. Enersys had a return on equity of 22.12% and a net margin of 10.05%. The business's revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $2.08 EPS. As a group, research analysts anticipate that Enersys will post 9.99 earnings per share for the current year.

Enersys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 1.14%. Enersys's payout ratio is 10.65%.

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.