Assetmark Inc. Has $601,000 Holdings in Enersys (NYSE:ENS)

Assetmark Inc. grew its holdings in Enersys (NYSE:ENS) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,566 shares of the industrial products company’s stock after purchasing an additional 193 shares during the period. Assetmark Inc.’s holdings in Enersys were worth $601,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Quarry LP grew its position in Enersys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 204 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Enersys by 197.2% during the 1st 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 grew its holdings in shares of Enersys by 937.2% during the 4th quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 403 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Finally, CX Institutional acquired a new position in shares of Enersys in the first quarter worth $69,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CEO Shawn M. O’connell acquired 475 shares of the firm’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrea J. Funk bought 315 shares of the company’s stock in a transaction that occurred on 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 acquisition, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. This trade represents a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 1,085 shares of company stock valued at $89,726 in the last ninety days. Company insiders own 0.91% of the company’s stock.

Enersys Stock Down 3.6%

Enersys stock opened at $89.08 on Friday. 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 1-year low of $76.57 and a 1-year high of $104.36. The firm’s fifty day simple moving average is $87.52 and its 200-day simple moving average is $91.63. The company has a market capitalization of $3.49 billion, a P/E ratio of 9.89, a P/E/G ratio of 0.53 and a beta of 1.07.

Enersys (NYSE:ENS) last posted 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 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 analyst estimates of $973.45 million. During the same period last year, the company earned $2.08 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Sell-side analysts forecast that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.1%. Enersys’s dividend payout ratio is presently 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.