Enersys $ENS Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in Enersys by 31.6%, now holding 18,422 shares valued at $1.69 million.
• Enersys reported earnings per share of $2.08 for the latest quarter, exceeding expectations of $2.05, with a revenue of $893 million.
• The company has declared a quarterly dividend of $0.2625 per share, with the ex-dividend date set for September 12th, representing an annual yield of 1.0%.

Candriam S.C.A. lowered its position in Enersys (NYSE:ENS - Free Report) by 31.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,422 shares of the industrial products company's stock after selling 8,508 shares during the quarter. Candriam S.C.A.'s holdings in Enersys were worth $1,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Enersys by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,521,282 shares of the industrial products company's stock valued at $139,320,000 after purchasing an additional 43,615 shares during the period. Janus Henderson Group PLC increased its stake in shares of Enersys by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company's stock valued at $122,262,000 after purchasing an additional 13,786 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of Enersys by 13.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock valued at $95,021,000 after purchasing an additional 121,758 shares during the period. Northern Trust Corp increased its stake in shares of Enersys by 6.2% in the fourth quarter. Northern Trust Corp now owns 607,105 shares of the industrial products company's stock valued at $56,115,000 after purchasing an additional 35,667 shares during the period. Finally, Paradigm Capital Management Inc. NY increased its stake in shares of Enersys by 3.3% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 477,972 shares of the industrial products company's stock valued at $44,179,000 after purchasing an additional 15,472 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Insider Transactions at Enersys

In other Enersys news, CEO Shawn M. O'connell purchased 475 shares of the firm's stock in a transaction on Friday, May 30th. The shares were purchased at an average price 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 in the company, valued at $3,604,192.80. This represents a 1.12% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.91% of the company's stock.

Enersys Trading Up 4.0%

Enersys stock opened at $102.06 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 3.00. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 0.58 and a beta of 1.08. Enersys has a 1 year low of $76.57 and a 1 year high of $104.36. The firm's 50 day moving average price is $90.90 and its two-hundred day moving average price is $91.56.

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

Enersys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a $0.2625 dividend. This represents a $1.05 annualized dividend and a yield of 1.0%. This is a positive change from Enersys's previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. Enersys's dividend payout ratio (DPR) is presently 11.99%.

Analyst Ratings Changes

ENS has been the topic of a number of research analyst reports. Oppenheimer reiterated an "outperform" rating on shares of Enersys in a research note on Friday, August 8th. Wall Street Zen cut Enersys from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. Roth Capital reissued a "buy" rating and set a $120.00 target price on shares of Enersys in a report on Tuesday, August 5th. Finally, Roth Mkm reissued a "buy" rating and set a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $118.33.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.