Vanguard Group Inc. Cuts Stock Position in Enersys $ENS

Key Points

• Vanguard Group Inc. reduced its stake in Enersys by 0.9%, now owning approximately 11.73% of the company, valued at $423.4 million.
• Enersys reported a quarterly EPS of $2.08, beating estimates and showing a 4.7% revenue increase from the same quarter last year.
• The company raised its quarterly dividend to $0.2625 per share, marking an increase from $0.24, with a 1.1% annual dividend yield.

Vanguard Group Inc. cut its position in Enersys (NYSE:ENS - Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,623,626 shares of the industrial products company's stock after selling 43,430 shares during the quarter. Vanguard Group Inc. owned about 11.73% of Enersys worth $423,432,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Ruffer LLP bought a new stake in shares of Enersys in the first quarter valued at $5,892,000. US Bancorp DE raised its stake in shares of Enersys by 3.6% in the first quarter. US Bancorp DE now owns 6,121 shares of the industrial products company's stock valued at $561,000 after buying an additional 211 shares during the period. Natixis Advisors LLC raised its stake in shares of Enersys by 13.0% in the first quarter. Natixis Advisors LLC now owns 13,234 shares of the industrial products company's stock valued at $1,212,000 after buying an additional 1,519 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Enersys in the first quarter valued at $255,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Enersys in the first quarter valued at $384,000. 94.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Enersys news, CEO Shawn M. O'connell bought 475 shares of Enersys stock in a transaction that occurred on Friday, May 30th. The stock was acquired 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 directly owned 43,030 shares in the company, valued at $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrea J. Funk bought 315 shares of Enersys stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the transaction, the chief financial officer owned 50,645 shares of the company's stock, valued at $4,061,729. This represents a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 1,085 shares of company stock valued at $89,726. 0.91% of the stock is owned by company insiders.

Enersys Price Performance

Enersys stock traded down $2.4420 during midday trading on Wednesday, hitting $97.4180. 273,521 shares of the company's stock were exchanged, compared to its average volume of 376,469. Enersys has a 52-week low of $76.57 and a 52-week high of $104.36. The stock has a 50-day moving average price of $90.40 and a two-hundred day moving average price of $91.49. 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 company has a market cap of $3.65 billion, a P/E ratio of 11.12, a PEG ratio of 0.57 and a beta of 1.08.

Enersys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $848.02 million. During the same period in the previous year, the business earned $1.98 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. On average, equities research analysts forecast that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.2625 per share. The ex-dividend date is Friday, September 12th. This is a positive change from Enersys's previous quarterly dividend of $0.24. This represents a $1.05 annualized dividend and a yield of 1.1%. Enersys's dividend payout ratio (DPR) is presently 11.99%.

Wall Street Analyst Weigh In

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