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Entropy Technologies LP Takes Position in Enersys (NYSE:ENS)

Enersys logo with Industrials background

Entropy Technologies LP bought a new position in Enersys (NYSE:ENS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 3,001 shares of the industrial products company's stock, valued at approximately $275,000.

Several other institutional investors have also recently bought and sold shares of the company. 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 acquiring an additional 100 shares during the period. Aquatic Capital Management LLC lifted its holdings in Enersys by 2.5% in the fourth quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock valued at $502,000 after buying an additional 133 shares during the period. Victory Capital Management Inc. lifted its holdings in Enersys by 1.0% in the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock valued at $1,233,000 after buying an additional 135 shares during the period. Mariner LLC lifted its holdings in Enersys by 3.4% in the fourth quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after buying an additional 147 shares during the period. Finally, Heritage Family Offices LLP increased its stake in Enersys by 7.1% in the first quarter. Heritage Family Offices LLP now owns 2,683 shares of the industrial products company's stock valued at $246,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Analyst Ratings Changes

ENS has been the subject of several research reports. Oppenheimer reissued an "outperform" rating on shares of Enersys in a research report on Friday, August 8th. Roth Capital reissued a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Wall Street Zen downgraded shares of Enersys from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Roth Mkm reissued a "buy" rating and set a $120.00 price objective on shares of Enersys in a research report on Wednesday, May 14th.

Get Our Latest Analysis on Enersys

Enersys Stock Performance

Shares of ENS opened at $99.08 on Friday. Enersys has a 12 month low of $76.57 and a 12 month high of $104.36. The firm has a fifty day simple moving average of $89.58 and a 200 day simple moving average of $91.45. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.57 and a beta of 1.08. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68.

Enersys (NYSE:ENS - Get Free Report) last announced 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 net margin of 9.60% and a return on equity of 21.99%. The business had revenue of $893.00 million during the quarter, compared to analysts' expectations of $848.02 million. During the same quarter in the prior year, the company posted $1.98 earnings per share. The firm's revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Enersys will post 9.99 EPS for the current fiscal 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 issued 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 is currently 10.96%.

Insider Buying and Selling at Enersys

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 price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the acquisition, the chief executive officer owned 43,030 shares of the company's stock, valued at $3,604,192.80. This trade represents a 1.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrea J. Funk purchased 315 shares of the business's stock in a transaction on Friday, May 23rd. The stock was purchased at an average price of $80.20 per share, with a total value of $25,263.00. Following the purchase, the chief financial officer owned 50,645 shares of the company's stock, valued at approximately $4,061,729. The trade was a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 1,085 shares of company stock valued at $89,726 in the last 90 days. 0.91% of the stock is currently owned by corporate insiders.

Enersys Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Enersys (NYSE:ENS)

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.

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