Mirae Asset Global Investments Co. Ltd. Sells 181 Shares of Enersys (NYSE:ENS)

Mirae Asset Global Investments Co. Ltd. trimmed its holdings in shares of Enersys (NYSE:ENS) by 2.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,700 shares of the industrial products company’s stock after selling 181 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Enersys were worth $624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. grew its stake in shares of Enersys by 0.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company’s stock worth $3,526,000 after acquiring an additional 100 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Enersys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 100 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in Enersys by 2.5% in the fourth quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company’s stock worth $502,000 after purchasing an additional 133 shares during the last quarter. Mariner LLC grew its position in Enersys by 3.4% in the 4th quarter. Mariner LLC now owns 4,460 shares of the industrial products company’s stock worth $412,000 after purchasing an additional 147 shares during the period. Finally, Aurora Investment Counsel raised its stake in Enersys by 0.9% during the 4th quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company’s stock valued at $1,875,000 after buying an additional 173 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ENS. Wall Street Zen upgraded Enersys from a “buy” rating to a “strong-buy” rating in a research note on Sunday, June 29th. Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Finally, Roth Capital reissued a “buy” rating on shares of Enersys in a research report on Thursday, May 22nd.

Enersys Stock Performance

Shares of NYSE ENS opened at $90.22 on Friday. Enersys has a 12-month low of $76.57 and a 12-month high of $112.53. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of 10.01, a price-to-earnings-growth ratio of 0.52 and a beta of 1.07. The company has a current ratio of 2.70, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $88.42 and a 200 day moving average of $91.96.

Enersys (NYSE:ENS) last issued 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. The firm had revenue of $974.80 million during the quarter, compared to the consensus estimate of $973.45 million. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 EPS. On average, research analysts anticipate that Enersys will post 9.99 earnings per share for the current year.

Enersys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.06%. Enersys’s dividend payout ratio is presently 10.65%.

Insider Buying and Selling at Enersys

In other news, CEO Shawn M. O’connell purchased 475 shares of the business’s stock in a transaction on Friday, May 30th. The stock was acquired at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer directly owned 43,030 shares of the company’s stock, valued at $3,604,192.80. This represents a 1.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Andrea J. Funk purchased 315 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the transaction, the chief financial officer owned 50,645 shares of the company’s stock, valued at $4,061,729. This represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders bought 1,085 shares of company stock worth $89,726 in the last three months. Insiders own 0.91% of the company’s stock.

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.