Envestnet Asset Management Inc. Sells 3,319 Shares of Enersys (NYSE:ENS)

Envestnet Asset Management Inc. lessened its position in Enersys (NYSE:ENS) by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 198,966 shares of the industrial products company’s stock after selling 3,319 shares during the period. Envestnet Asset Management Inc. owned about 0.50% of Enersys worth $18,221,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ENS. Quarry LP lifted its holdings in Enersys by 153.4% during the 4th quarter. Quarry LP now owns 337 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 204 shares during the last quarter. UMB Bank n.a. lifted its stake in Enersys by 197.2% in the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company’s stock valued at $39,000 after buying an additional 284 shares during the period. Headlands Technologies LLC raised its position in shares of Enersys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 403 shares during the period. Canada Pension Plan Investment Board raised its position in Enersys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock valued at $46,000 after buying an additional 100 shares during the last quarter. Finally, CX Institutional bought a new position in Enersys in the 1st quarter valued at $69,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Enersys Price Performance

ENS opened at $89.50 on Friday. The company’s 50-day moving average price is $88.21 and its 200 day moving average price is $91.67. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.50 and a beta of 1.07. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53.

Enersys (NYSE:ENS) last issued its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share for the quarter, beating 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 business had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. During the same period in the previous year, the business earned $2.08 EPS. The firm’s revenue was up 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend was Friday, June 13th. Enersys’s dividend payout ratio is presently 10.65%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Enersys news, CEO Shawn M. O’connell bought 475 shares of the firm’s stock in a transaction on Friday, May 30th. The stock was acquired at an average price of $83.76 per share, with a total value of $39,786.00. Following the transaction, the chief executive officer owned 43,030 shares in the company, valued at $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andrea J. Funk acquired 315 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the completion of the purchase, the chief financial officer owned 50,645 shares in the company, valued at $4,061,729. This trade represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,085 shares of company stock valued at $89,726 in the last 90 days. 0.91% of the stock is currently owned by company insiders.

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.