Foundry Partners LLC Raises Stock Holdings in Enersys (NYSE:ENS)

Foundry Partners LLC lifted its stake in Enersys (NYSE:ENS - Free Report) by 41.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,374 shares of the industrial products company's stock after purchasing an additional 19,607 shares during the period. Foundry Partners LLC owned 0.17% of Enersys worth $6,170,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its stake in Enersys by 153.4% during the 4th 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. grew its position in Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after buying an additional 284 shares during the period. Headlands Technologies LLC lifted its holdings in Enersys by 937.2% during 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 lifted its holdings 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 in the last quarter. Finally, CX Institutional purchased a new position in shares of Enersys in the first quarter worth $69,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Enersys

In other news, CFO Andrea J. Funk bought 315 shares of the company's stock in a transaction on Friday, May 23rd. The stock was bought at an average cost of $80.20 per share, with a total value of $25,263.00. Following the transaction, the chief financial officer directly owned 50,645 shares in the company, valued at $4,061,729. The trade was a 0.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Shawn M. O'connell bought 475 shares of the company's stock in a transaction on Friday, May 30th. The stock was purchased at an average cost of $83.76 per share, with a total value of $39,786.00. Following the completion of the transaction, the chief executive officer 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 disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,085 shares of company stock worth $89,726. Insiders own 0.91% of the company's stock.

Enersys Stock Performance

Shares of NYSE:ENS traded down $0.89 during trading on Friday, hitting $88.63. 259,142 shares of the stock traded hands, compared to its average volume of 323,826. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.51 and a beta of 1.07. The company has a fifty day moving average price of $88.12 and a two-hundred day moving average price of $91.64. Enersys has a 52-week low of $76.57 and a 52-week high of $112.53.

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

Enersys Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. Enersys's dividend payout ratio 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.