Allspring Global Investments Holdings LLC Buys 29,268 Shares of Enersys (NYSE:ENS)

Allspring Global Investments Holdings LLC raised its position in Enersys (NYSE:ENS - Free Report) by 74.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,542 shares of the industrial products company's stock after purchasing an additional 29,268 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.17% of Enersys worth $6,339,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ENS. Quarry LP increased its stake in 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 stake in 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. Headlands Technologies LLC increased its stake in Enersys by 937.2% in the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 403 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in 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. Finally, CX Institutional bought a new stake in Enersys in the first quarter valued at approximately $69,000. Institutional investors own 94.93% of the company's stock.

Insider Transactions at Enersys

In other news, CEO Shawn M. O'connell bought 475 shares of the company's stock in a transaction dated Friday, May 30th. The shares were bought at an average cost of $83.76 per share, with a total value of $39,786.00. Following the acquisition, the chief executive officer owned 43,030 shares in the company, valued at $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrea J. Funk acquired 315 shares of the company's stock in a transaction on Friday, May 23rd. The stock was acquired at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the purchase, the chief financial officer directly owned 50,645 shares of the company's stock, valued at approximately $4,061,729. This trade represents a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,085 shares of company stock valued at $89,726. Insiders own 0.91% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Roth Capital restated a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Finally, Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of Enersys in a research report on Wednesday, May 14th.

Enersys Stock Up 0.9%

ENS traded up $0.78 during trading hours on Wednesday, hitting $88.72. 293,495 shares of the company's stock were exchanged, compared to its average volume of 320,848. Enersys has a 1-year low of $76.57 and a 1-year high of $112.53. The stock's 50-day moving average is $88.52 and its two-hundred day moving average is $91.88. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.50 and a beta of 1.07. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56.

Enersys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.78 by $0.19. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The business had revenue of $974.80 million during the quarter, compared to analysts' expectations of $973.45 million. During the same quarter in the prior year, the company posted $2.08 earnings per share. The firm's revenue was up 7.0% on a year-over-year basis. Sell-side analysts predict that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Friday, June 13th. Enersys's dividend payout ratio (DPR) is presently 10.65%.

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.