Brown Advisory Inc. Lowers Stock Position in Enersys (NYSE:ENS)

Brown Advisory Inc. trimmed its holdings in Enersys (NYSE:ENS) by 8.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,665 shares of the industrial products company’s stock after selling 440 shares during the quarter. Brown Advisory Inc.’s holdings in Enersys were worth $427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENS. Victory Capital Management Inc. raised its position in shares of Enersys by 3.1% in the 4th quarter. Victory Capital Management Inc. now owns 13,328 shares of the industrial products company’s stock worth $1,232,000 after acquiring an additional 396 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Enersys in the 4th quarter valued at approximately $561,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Enersys by 9.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,841 shares of the industrial products company’s stock worth $910,000 after purchasing an additional 833 shares during the last quarter. Swiss National Bank grew its position in Enersys by 0.8% during the 4th quarter. Swiss National Bank now owns 79,100 shares of the industrial products company’s stock worth $7,311,000 after purchasing an additional 600 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Enersys by 257,133.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 15,434 shares of the industrial products company’s stock valued at $1,433,000 after purchasing an additional 15,428 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Enersys Stock Performance

Shares of ENS stock opened at $86.15 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 1.74 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 company’s fifty day simple moving average is $88.35 and its 200-day simple moving average is $91.73. The company has a market cap of $3.38 billion, a PE ratio of 9.56, a P/E/G ratio of 0.50 and a beta of 1.07.

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

Enersys Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.24 dividend. The ex-dividend date was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.11%. Enersys’s dividend payout ratio (DPR) is currently 10.65%.

Insider Buying and Selling

In other Enersys news, CFO Andrea J. Funk bought 315 shares of the firm’s stock in a transaction dated Friday, May 23rd. The shares were acquired at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the transaction, the chief financial officer owned 50,645 shares in the company, 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 is available through the SEC website. Also, CEO Shawn M. O’connell purchased 475 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The stock was acquired at an average cost of $83.76 per share, with a total value of $39,786.00. Following the completion of the acquisition, the chief executive officer directly owned 43,030 shares of the company’s stock, valued at $3,604,192.80. The trade was a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 1,085 shares of company stock worth $89,726 in the last 90 days. 0.91% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.