Northern Trust Corp Sells 14,035 Shares of Enersys $ENS

Key Points

• Northern Trust Corp reduced its stake in Enersys shares by 2.3%, owning 593,070 shares valued at approximately $54.31 million after selling 14,035 shares in the first quarter.
• Enersys announced an increase in its quarterly dividend to $0.2625 per share, payable on September 26, representing a 1.0% yield, up from its previous dividend of $0.24.
• A recent earnings report indicated Enersys exceeded analyst expectations, reporting $2.08 EPS compared to a consensus estimate of $2.05, with revenue of $893 million for the quarter.

Northern Trust Corp reduced its stake in Enersys (NYSE:ENS - Free Report) by 2.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 593,070 shares of the industrial products company's stock after selling 14,035 shares during the quarter. Northern Trust Corp owned about 1.50% of Enersys worth $54,313,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Enersys by 3.0% during 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 acquiring an additional 43,615 shares in the last quarter. Janus Henderson Group PLC lifted its position in Enersys by 1.1% during 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. lifted its position in Enersys by 13.4% during 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. Paradigm Capital Management Inc. NY lifted its position in Enersys by 3.3% during 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. Finally, Segall Bryant & Hamill LLC lifted its position in Enersys by 1.0% during the first quarter. Segall Bryant & Hamill LLC now owns 416,381 shares of the industrial products company's stock valued at $38,132,000 after purchasing an additional 4,012 shares during the period. Institutional investors own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

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

Enersys Price Performance

NYSE:ENS traded up $0.46 during trading hours on Friday, reaching $102.71. The stock had a trading volume of 374,430 shares, compared to its average volume of 352,040. 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 52 week low of $76.57 and a 52 week high of $104.36. The company has a 50 day moving average price of $92.69 and a two-hundred day moving average price of $91.64. The stock has a market capitalization of $3.85 billion, a PE ratio of 11.72, a PEG ratio of 0.58 and a beta of 1.08.

Enersys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.03. The business had revenue of $893.00 million during the quarter, compared to analyst estimates of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%.The company's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.98 EPS. As a group, sell-side analysts anticipate that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Increases Dividend

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

About Enersys

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.