Envestnet Asset Management Inc. Purchases 7,015 Shares of EnerSys (NYSE:ENS)

Envestnet Asset Management Inc. increased its position in EnerSys (NYSE:ENS) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,358 shares of the industrial products company’s stock after purchasing an additional 7,015 shares during the period. Envestnet Asset Management Inc. owned approximately 0.24% of EnerSys worth $8,458,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ENS. Quantbot Technologies LP bought a new position in EnerSys during the 1st quarter valued at $60,000. Assetmark Inc. lifted its stake in EnerSys by 31.8% during the 4th quarter. Assetmark Inc. now owns 850 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 205 shares in the last quarter. Covestor Ltd lifted its stake in EnerSys by 58.2% during the 1st quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock valued at $69,000 after acquiring an additional 342 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in EnerSys by 15.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,232 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 161 shares in the last quarter. Finally, Royal Bank of Canada lifted its stake in EnerSys by 23.5% during the 3rd quarter. Royal Bank of Canada now owns 2,546 shares of the industrial products company’s stock valued at $149,000 after acquiring an additional 484 shares in the last quarter. 91.56% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ENS has been the topic of several recent analyst reports. StockNews.com initiated coverage on EnerSys in a research note on Thursday, August 17th. They set a “strong-buy” rating on the stock. CL King started coverage on EnerSys in a research note on Friday, July 14th. They set a “buy” rating and a $137.00 price objective on the stock. BTIG Research lifted their target price on EnerSys from $100.00 to $125.00 in a research note on Friday, June 16th. Finally, Oppenheimer lowered their target price on EnerSys from $119.00 to $117.00 in a research note on Friday, August 11th.

EnerSys Trading Down 2.2 %

NYSE ENS opened at $99.54 on Thursday. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 0.96 and a beta of 1.35. EnerSys has a one year low of $56.72 and a one year high of $113.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.76 and a quick ratio of 1.48. The business’s fifty day moving average is $105.15 and its 200-day moving average is $94.75.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.09. EnerSys had a return on equity of 16.17% and a net margin of 5.69%. The company had revenue of $908.60 million during the quarter, compared to analyst estimates of $968.70 million. During the same quarter last year, the firm posted $1.15 EPS. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that EnerSys will post 7.78 EPS for the current year.

EnerSys Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.90 annualized dividend and a yield of 0.90%. This is a positive change from EnerSys’s previous quarterly dividend of $0.18. EnerSys’s dividend payout ratio (DPR) is 17.61%.

EnerSys Profile

EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.