Enersys (NYSE:ENS) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers increased its position in shares of Enersys (NYSE:ENS) by 19.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,868 shares of the industrial products company’s stock after acquiring an additional 1,594 shares during the period. Cetera Investment Advisers’ holdings in Enersys were worth $904,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP grew its holdings in Enersys by 153.4% during the fourth quarter. Quarry LP now owns 337 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 204 shares during the period. UMB Bank n.a. grew its holdings in Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company’s stock worth $39,000 after acquiring an additional 284 shares during the period. Canada Pension Plan Investment Board grew its holdings in Enersys by 25.0% during 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 period. CX Institutional acquired a new position in Enersys during the first quarter worth about $69,000. Finally, Parallel Advisors LLC grew its holdings in Enersys by 51.7% during the first quarter. Parallel Advisors LLC now owns 951 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 324 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Enersys

In other Enersys news, CFO Andrea J. Funk acquired 315 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was purchased 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 of the company’s stock, valued at $4,061,729. The trade was a 0.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shawn M. O’connell acquired 475 shares of the firm’s stock in a transaction on Friday, May 30th. The shares were acquired at an average price of $83.76 per share, with a total value of $39,786.00. Following the completion of the transaction, the chief executive officer directly owned 43,030 shares in the company, valued at approximately $3,604,192.80. This trade represents a 1.12% 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 over the last 90 days. Corporate insiders own 0.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ENS. Roth Capital reaffirmed a “buy” rating and set a $120.00 target price on shares of Enersys in a report on Tuesday, August 5th. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday. 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. Finally, Wall Street Zen cut Enersys from a “strong-buy” rating to a “hold” rating in a research note on Saturday.

Enersys Trading Up 3.3%

Shares of ENS opened at $98.52 on Wednesday. The business’s 50-day moving average price is $89.01 and its 200 day moving average price is $91.38. The stock has a market capitalization of $3.69 billion, a P/E ratio of 11.25, a P/E/G ratio of 0.54 and a beta of 1.08. Enersys has a 1-year low of $76.57 and a 1-year high of $104.36. The company has a current ratio of 3.00, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68.

Enersys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.03. The firm had revenue of $893.00 million for the quarter, compared to analysts’ expectations of $848.02 million. Enersys had a return on equity of 21.99% and a net margin of 9.60%. Enersys’s revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business posted $1.98 EPS. Analysts expect that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.2625 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 12th. This is a boost from Enersys’s previous quarterly dividend of $0.24. Enersys’s dividend payout ratio is 10.96%.

Enersys Company 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.