Yousif Capital Management LLC Lowers Stock Holdings in Enersys (NYSE:ENS)

Yousif Capital Management LLC trimmed its position in shares of Enersys (NYSE:ENS) by 3.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,667 shares of the industrial products company’s stock after selling 475 shares during the period. Yousif Capital Management LLC’s holdings in Enersys were worth $1,252,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in shares of Enersys during the fourth quarter worth approximately $49,222,000. Millennium Management LLC raised its position in Enersys by 3,833.5% in the 4th quarter. Millennium Management LLC now owns 414,748 shares of the industrial products company’s stock worth $38,335,000 after purchasing an additional 404,204 shares during the period. Boston Partners raised its position in Enersys by 47.1% in 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 period. JPMorgan Chase & Co. raised its position in Enersys by 113.0% in the 4th quarter. JPMorgan Chase & Co. now owns 298,991 shares of the industrial products company’s stock worth $27,636,000 after purchasing an additional 158,617 shares during the period. Finally, Wealthfront Advisers LLC purchased a new position in Enersys in the 4th quarter worth $11,713,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ENS has been the topic of several analyst reports. Roth Capital reiterated a “buy” rating on shares of Enersys in a report on Thursday, May 22nd. Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of Enersys in a report on Wednesday, May 14th.

Insider Buying and Selling at Enersys

In other news, CFO Andrea J. Funk bought 315 shares of Enersys stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the acquisition, the chief financial officer now owns 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 this link. Also, CEO Shawn M. O’connell bought 475 shares of Enersys stock in a transaction on Friday, May 30th. The shares were purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer now directly owns 43,030 shares in the company, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 1,085 shares of company stock valued at $89,726. 1.61% of the stock is currently owned by company insiders.

Enersys Stock Down 3.0%

Shares of NYSE ENS opened at $84.02 on Wednesday. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. Enersys has a 52 week low of $76.57 and a 52 week high of $112.53. The firm’s fifty day moving average is $87.62 and its 200 day moving average is $92.74. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.50 and a beta of 1.08.

Enersys (NYSE:ENS) last released its quarterly earnings data 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. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The firm had revenue of $974.80 million for the quarter, compared to analysts’ expectations of $973.45 million. During the same quarter in the previous year, the company earned $2.08 earnings per share. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, June 13th. Enersys’s payout ratio is currently 10.65%.

Enersys Company 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.