Blair William & Co. IL Sells 3,161 Shares of Enersys (NYSE:ENS)

Key Points

• Blair William & Co. IL reduced its holdings in Enersys (NYSE:ENS) by 25.3%, now owning 9,327 shares worth approximately $854,000.
• Enersys recently announced a quarterly dividend increase to $0.2625 per share, up from $0.24, which translates to an annual yield of 1.1%.
• Analysts have mixed views on Enersys, with a downgrade to "hold" from Wall Street Zen, while others maintain "buy" ratings with a price target of $120.00.

Blair William & Co. IL decreased its position in shares of Enersys (NYSE:ENS - Free Report) by 25.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,327 shares of the industrial products company's stock after selling 3,161 shares during the period. Blair William & Co. IL's holdings in Enersys were worth $854,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of ENS. Quarry LP increased its holdings in shares of 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 purchasing an additional 204 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Enersys by 197.2% in the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 284 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings 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 purchasing an additional 100 shares in the last quarter. CX Institutional acquired a new stake in shares of Enersys in the first quarter valued at approximately $69,000. Finally, Covestor Ltd increased its holdings in shares of Enersys by 32.4% in the fourth quarter. Covestor Ltd now owns 773 shares of the industrial products company's stock valued at $71,000 after purchasing an additional 189 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Analysts Set New Price Targets

ENS has been the subject of a number of research reports. Wall Street Zen lowered shares of Enersys from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Capital reissued a "buy" rating and issued a $120.00 price target on shares of Enersys in a report on Tuesday, August 5th. Oppenheimer reissued an "outperform" rating on shares of Enersys in a report on Friday, August 8th. Finally, Roth Mkm reissued a "buy" rating and issued a $120.00 price target on shares of Enersys in a report on Wednesday, May 14th.

Insiders Place Their Bets

In other news, CFO Andrea J. Funk purchased 315 shares of Enersys stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost 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 in the company, valued at $4,061,729. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shawn M. O'connell purchased 475 shares of Enersys stock in a transaction dated Friday, May 30th. The shares were purchased 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. This represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,085 shares of company stock valued at $89,726 in the last ninety days. Company insiders own 0.91% of the company's stock.

Enersys Trading Down 0.5%

ENS traded down $0.45 during trading on Friday, reaching $98.68. 33,100 shares of the company's stock were exchanged, compared to its average volume of 372,817. The company's fifty day moving average price is $89.58 and its 200-day moving average price is $91.45. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $104.36. The firm has a market capitalization of $3.70 billion, a PE ratio of 11.27, a P/E/G ratio of 0.57 and a beta of 1.08.

Enersys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.03. Enersys had a net margin of 9.60% and a return on equity of 21.99%. The firm had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. During the same quarter in the previous year, the business earned $1.98 EPS. The business's quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.2625 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a yield of 1.1%. This is a boost from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio (DPR) is presently 10.96%.

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.