Envestnet Asset Management Inc. Reduces Holdings in Enersys (NYSE:ENS)

Envestnet Asset Management Inc. reduced its stake in shares of Enersys (NYSE:ENS - Free Report) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 198,966 shares of the industrial products company's stock after selling 3,319 shares during the quarter. Envestnet Asset Management Inc. owned about 0.50% of Enersys worth $18,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ENS. Quarry LP grew its holdings in shares of Enersys by 153.4% during the 4th quarter. Quarry LP now owns 337 shares of the industrial products company's stock worth $31,000 after purchasing an additional 204 shares in the last quarter. UMB Bank n.a. grew 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 acquiring an additional 284 shares during the period. Headlands Technologies LLC boosted its position in shares of Enersys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after buying an additional 403 shares during the period. Canada Pension Plan Investment Board boosted its position in Enersys by 25.0% during 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 during the last quarter. Finally, CX Institutional acquired a new position in Enersys during the first quarter valued at approximately $69,000. Institutional investors own 94.93% of the company's stock.

Wall Street Analysts Forecast Growth

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

Enersys Trading Down 0.2%

Shares of NYSE:ENS traded down $0.15 during midday trading on Monday, hitting $88.54. 189,483 shares of the stock were exchanged, compared to its average volume of 323,288. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 9.83, a P/E/G ratio of 0.51 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.74 and a current ratio of 2.70. Enersys has a 12 month low of $76.57 and a 12 month high of $112.53. The business's 50-day moving average price is $88.12 and its 200 day moving average price is $91.64.

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

Enersys Dividend Announcement

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

Insider Buying and Selling at Enersys

In other Enersys news, CFO Andrea J. Funk bought 315 shares of the stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the purchase, the chief financial officer directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Shawn M. O'connell purchased 475 shares of the business's stock in a transaction dated Friday, May 30th. The shares were acquired at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. The trade was a 1.12% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,085 shares of company stock worth $89,726 over the last 90 days. 0.91% of the stock is currently owned by company insiders.

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.