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. trimmed its position in shares of Enersys (NYSE:ENS - Free Report) by 31.6% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor 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 SEC.

Several other large investors have also recently made changes to their positions in ENS. Raymond James Financial Inc. purchased a new stake in shares of Enersys during the fourth quarter worth approximately $561,000. Mariner LLC increased its position in shares of Enersys by 3.4% during the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock worth $412,000 after purchasing an additional 147 shares in the last quarter. Marshall Wace LLP increased its position in shares of Enersys by 19.9% during the fourth quarter. Marshall Wace LLP now owns 13,818 shares of the industrial products company's stock worth $1,277,000 after purchasing an additional 2,291 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Enersys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after buying an additional 100 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Enersys by 4.7% in the 4th quarter. First Trust Advisors LP now owns 189,529 shares of the industrial products company's stock valued at $17,518,000 after buying an additional 8,559 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Trading Down 0.3%

Shares of Enersys stock traded down $0.34 during trading hours on Friday, hitting $101.91. The company's stock had a trading volume of 103,452 shares, compared to its average volume of 366,562. Enersys has a twelve month low of $76.57 and a twelve month high of $104.36. The firm has a fifty day moving average of $92.30 and a 200-day moving average of $91.69. The stock has a market cap of $3.82 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 0.58 and a beta of 1.08. 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 (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.05 by $0.03. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The business had revenue of $893.00 million for the quarter, compared to analyst estimates of $848.02 million. During the same quarter in the prior year, the company posted $1.98 EPS. The company's quarterly revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Enersys will post 9.99 EPS for the current year.

Enersys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a dividend of $0.2625 per share. This represents a $1.05 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. Enersys's dividend payout ratio is currently 10.96%.

Analyst Upgrades and Downgrades

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

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.