Janney Montgomery Scott LLC Has $1.21 Million Stock Position in Enersys (NYSE:ENS)

Janney Montgomery Scott LLC lowered its position in Enersys (NYSE:ENS - Free Report) by 24.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 13,223 shares of the industrial products company's stock after selling 4,279 shares during the quarter. Janney Montgomery Scott LLC's holdings in Enersys were worth $1,211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Enersys in the 4th quarter worth $49,222,000. Millennium Management LLC lifted its position in shares of Enersys by 3,833.5% in the fourth quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company's stock valued at $38,335,000 after acquiring an additional 404,204 shares in the last quarter. Boston Partners boosted its holdings in shares of Enersys by 47.1% during the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock worth $78,801,000 after purchasing an additional 270,726 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Enersys by 113.0% in the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company's stock valued at $27,636,000 after acquiring an additional 158,617 shares during the period. Finally, Wealthfront Advisers LLC acquired a new stake in Enersys in the 4th quarter valued at about $11,713,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Enersys

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

Enersys Trading Up 1.7%

Shares of ENS traded up $1.51 during mid-day trading on Wednesday, hitting $90.26. 174,933 shares of the company's stock traded hands, compared to its average volume of 315,943. Enersys has a 1 year low of $76.57 and a 1 year high of $112.53. The firm has a market capitalization of $3.54 billion, a P/E ratio of 10.03, a PEG ratio of 0.49 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. The business's 50-day moving average price is $88.13 and its 200-day moving average price is $92.02.

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 for the quarter, beating the consensus estimate of $2.78 by $0.19. Enersys had a return on equity of 22.12% and a net margin of 10.05%. The business had revenue of $974.80 million during the quarter, compared to analysts' expectations of $973.45 million. During the same quarter last year, the business posted $2.08 EPS. The firm's revenue for the quarter was up 7.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Dividend Announcement

The business 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. This represents a $0.96 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Friday, June 13th. Enersys's payout ratio is presently 10.65%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ENS. Roth Capital reissued a "buy" rating on shares of Enersys in a research note on Thursday, May 22nd. Roth Mkm reaffirmed a "buy" rating and issued a $120.00 price target on shares of Enersys in a research note on Wednesday, May 14th. Finally, Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a research note on Sunday.

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.