WCM Investment Management CA boosted its holdings in EnerSys (NYSE:ENS) by 500.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,562 shares of the industrial products company’s stock after purchasing an additional 127,980 shares during the quarter. WCM Investment Management CA owned about 0.36% of EnerSys worth $10,693,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners boosted its position in EnerSys by 22.3% in the fourth quarter. Boston Partners now owns 3,324,452 shares of the industrial products company’s stock worth $231,481,000 after purchasing an additional 606,247 shares during the last quarter. Royce & Associates LP boosted its position in EnerSys by 4,393.4% in the third quarter. Royce & Associates LP now owns 494,277 shares of the industrial products company’s stock worth $34,189,000 after purchasing an additional 483,277 shares during the last quarter. Koch Industries Inc. purchased a new position in EnerSys in the second quarter worth $302,000. Thompson Siegel & Walmsley LLC boosted its position in EnerSys by 125.1% in the third quarter. Thompson Siegel & Walmsley LLC now owns 322,131 shares of the industrial products company’s stock worth $22,282,000 after purchasing an additional 179,021 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its position in EnerSys by 139.6% in the third quarter. Global X MANAGEMENT CO LLC now owns 306,782 shares of the industrial products company’s stock worth $21,220,000 after purchasing an additional 178,738 shares during the last quarter. Hedge funds and other institutional investors own 97.17% of the company’s stock.
A number of research firms recently issued reports on ENS. Oppenheimer reiterated a “buy” rating and set a $77.00 price objective (down from $82.00) on shares of EnerSys in a research note on Wednesday, November 1st. CL King upgraded EnerSys from a “neutral” rating to a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research upgraded EnerSys from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. ValuEngine lowered EnerSys from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Sidoti cut EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 price objective for the company. in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. EnerSys has a consensus rating of “Hold” and an average price target of $78.00.
EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.11. EnerSys had a return on equity of 18.02% and a net margin of 3.94%. The business had revenue of $658.90 million during the quarter, compared to analysts’ expectations of $634.75 million. During the same quarter last year, the business posted $1.18 EPS. The business’s revenue was up 16.9% on a year-over-year basis. equities analysts predict that EnerSys will post 4.65 earnings per share for the current fiscal year.
EnerSys declared that its Board of Directors has initiated a stock repurchase program on Wednesday, November 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Friday, March 16th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, March 15th. EnerSys’s dividend payout ratio (DPR) is currently 31.25%.
EnerSys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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