Enersys (NYSE:ENS) Position Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in Enersys (NYSE:ENS) by 74.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 68,542 shares of the industrial products company’s stock after purchasing an additional 29,268 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.17% of Enersys worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in shares of Enersys during the 4th quarter valued at $105,000. Charles Schwab Investment Management Inc. increased its position in Enersys by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company’s stock worth $56,338,000 after buying an additional 15,133 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Enersys by 3.1% during the fourth quarter. Victory Capital Management Inc. now owns 13,328 shares of the industrial products company’s stock valued at $1,232,000 after buying an additional 396 shares in the last quarter. Raymond James Financial Inc. bought a new position in Enersys during the fourth quarter valued at about $561,000. Finally, Candriam S.C.A. lifted its position in shares of Enersys by 37.8% in the fourth quarter. Candriam S.C.A. now owns 26,930 shares of the industrial products company’s stock worth $2,489,000 after buying an additional 7,394 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Enersys

In other news, CFO Andrea J. Funk bought 315 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of $80.20 per share, with a total value of $25,263.00. Following the completion of the transaction, the chief financial officer directly owned 50,645 shares in the company, valued at $4,061,729. This represents a 0.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Shawn M. O’connell purchased 475 shares of the business’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 acquisition, the chief executive officer owned 43,030 shares in the company, valued at approximately $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. Insiders have bought 1,085 shares of company stock valued at $89,726 in the last ninety days. 0.91% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ENS shares. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of Enersys in a report on Wednesday, May 14th. Wall Street Zen raised Enersys from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 29th. Finally, Roth Capital reiterated a “buy” rating on shares of Enersys in a report on Thursday, May 22nd.

Enersys Trading Up 0.3%

Enersys stock opened at $90.22 on Friday. Enersys has a 52 week low of $76.57 and a 52 week high of $112.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.74 and a current ratio of 2.70. The firm has a market capitalization of $3.54 billion, a PE ratio of 10.01, a PEG ratio of 0.52 and a beta of 1.07. The business’s 50-day simple moving average is $88.42 and its 200-day simple moving average is $91.96.

Enersys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, topping 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 company had revenue of $974.80 million for the quarter, compared to the consensus estimate of $973.45 million. During the same period in the previous year, the business posted $2.08 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities research analysts forecast that Enersys will post 9.99 earnings per share for the current 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 given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, June 13th. Enersys’s dividend payout ratio is currently 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.