Vontobel Holding Ltd. Trims Stake in Enersys (NYSE:ENS)

Vontobel Holding Ltd. lowered its position in Enersys (NYSE:ENS) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,897 shares of the industrial products company’s stock after selling 418 shares during the quarter. Vontobel Holding Ltd.’s holdings in Enersys were worth $632,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Enersys by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company’s stock worth $431,376,000 after buying an additional 90,670 shares during the period. Dimensional Fund Advisors LP increased its stake in Enersys by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,667 shares of the industrial products company’s stock worth $136,583,000 after buying an additional 13,104 shares during the period. Janus Henderson Group PLC increased its stake in Enersys by 1.1% in the 4th quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company’s stock worth $122,262,000 after buying an additional 13,786 shares during the period. Deprince Race & Zollo Inc. increased its stake in Enersys by 13.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company’s stock worth $95,021,000 after buying an additional 121,758 shares during the period. Finally, Boston Partners increased its stake 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 buying an additional 270,726 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Insider Activity

In other news, CEO Shawn M. O’connell purchased 475 shares of the stock in a transaction dated Friday, May 30th. The shares were acquired at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer owned 43,030 shares of the company’s stock, valued at approximately $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrea J. Funk purchased 315 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the acquisition, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. This represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 1,085 shares of company stock worth $89,726. 0.91% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Enersys Stock Up 0.3%

Shares of Enersys stock opened at $90.22 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.74. Enersys has a 1 year low of $76.57 and a 1 year high of $112.53. The firm’s 50-day moving average is $88.42 and its two-hundred day moving average is $91.96. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.52 and a beta of 1.07.

Enersys (NYSE:ENS) last issued its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.19. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The company had revenue of $974.80 million for the quarter, compared to analysts’ expectations of $973.45 million. During the same period in the prior year, the business earned $2.08 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. As a group, research analysts expect that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Announces Dividend

The firm also recently announced 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. This represents a $0.96 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend was Friday, June 13th. Enersys’s payout ratio is 10.65%.

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.