Bank of New York Mellon Corp Cuts Holdings in Enersys (NYSE:ENS)

Bank of New York Mellon Corp decreased its holdings in Enersys (NYSE:ENS - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 404,866 shares of the industrial products company's stock after selling 101,984 shares during the period. Bank of New York Mellon Corp owned approximately 1.03% of Enersys worth $37,078,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ENS. Quarry LP boosted its position in Enersys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock valued at $31,000 after buying an additional 204 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Enersys by 197.2% in the 1st 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 during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Enersys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 403 shares in the last quarter. Canada Pension Plan Investment Board grew its position 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 during the last quarter. Finally, CX Institutional acquired a new position in Enersys in the 1st quarter worth about $69,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ENS. Roth Capital reissued a "buy" rating on shares of Enersys in a research note on Thursday, May 22nd. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th. Finally, 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.

Insider Buying and Selling at Enersys

In other news, CFO Andrea J. Funk bought 315 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the acquisition, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. This trade 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 can be accessed through the SEC website. Also, CEO Shawn M. O'connell acquired 475 shares of the stock in a transaction on Friday, May 30th. The shares were acquired at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer 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 disclosure for this purchase can be found here. Over the last three months, insiders have purchased 1,085 shares of company stock worth $89,726. 0.91% of the stock is owned by insiders.

Enersys Trading Down 1.4%

Shares of ENS stock traded down $1.23 on Tuesday, hitting $86.15. The company had a trading volume of 221,992 shares, compared to its average volume of 321,747. Enersys has a twelve month low of $76.57 and a twelve month high of $112.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.74 and a current ratio of 2.70. The firm has a market cap of $3.38 billion, a P/E ratio of 9.56, a P/E/G ratio of 0.50 and a beta of 1.07. The stock's 50-day moving average is $88.48 and its two-hundred day moving average is $91.80.

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

Enersys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.11%. Enersys's payout ratio is presently 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.