Bank of New York Mellon Corp Lowers Position in Enersys (NYSE:ENS)

Bank of New York Mellon Corp trimmed its position in Enersys (NYSE:ENS - Free Report) by 20.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ENS. Lightrock Netherlands B.V. boosted its stake in Enersys by 13.1% during the 1st quarter. Lightrock Netherlands B.V. now owns 145,764 shares of the industrial products company's stock valued at $13,371,000 after purchasing an additional 16,914 shares during the last quarter. Carmel Capital Management L.L.C. raised its holdings in shares of Enersys by 47.2% in the 1st quarter. Carmel Capital Management L.L.C. now owns 66,295 shares of the industrial products company's stock worth $6,071,000 after purchasing an additional 21,250 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Enersys by 74.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock worth $6,339,000 after purchasing an additional 29,268 shares during the period. Perpetual Ltd raised its holdings in shares of Enersys by 14.1% in the 1st quarter. Perpetual Ltd now owns 4,841 shares of the industrial products company's stock worth $443,000 after purchasing an additional 600 shares during the period. Finally, Advisor Resource Council bought a new stake in shares of Enersys in the 1st quarter worth approximately $1,263,000. 94.93% of the stock is owned by institutional investors.

Enersys Price Performance

Shares of Enersys stock traded down $0.72 during trading on Friday, hitting $88.80. The stock had a trading volume of 74,773 shares, compared to its average volume of 321,819. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 0.50 and a beta of 1.07. Enersys has a 12 month low of $76.57 and a 12 month high of $112.53. The business's 50-day moving average is $88.21 and its 200 day moving average is $91.67. 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 released its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.78 by $0.19. The firm had revenue of $974.80 million for the quarter, compared to analysts' expectations of $973.45 million. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The business's quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.08 earnings per share. As a group, sell-side analysts anticipate that Enersys will post 9.99 earnings per share for the current 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 $0.24 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.96 annualized dividend and a yield of 1.08%. Enersys's dividend payout ratio (DPR) is presently 10.65%.

Insider Buying and Selling at Enersys

In related news, CEO Shawn M. O'connell bought 475 shares of the business's stock in a transaction that occurred on Friday, May 30th. The stock was bought at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrea J. Funk bought 315 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the transaction, the chief financial officer directly owned 50,645 shares of the company's stock, valued at $4,061,729. This represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 1,085 shares of company stock valued at $89,726 over the last quarter. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Roth Capital reissued a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Roth Mkm reissued a "buy" rating and set a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Finally, Wall Street Zen raised shares of Enersys from a "buy" rating to a "strong-buy" rating in a 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.