Capstone Asset Management Co. cut its stake in shares of EnerSys (NYSE:ENS) by 78.3% during the third quarter, Holdings Channel reports. The fund owned 2,903 shares of the company’s stock after selling 10,480 shares during the period. Capstone Asset Management Co.’s holdings in EnerSys were worth $201,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fox Run Management L.L.C. purchased a new position in shares of EnerSys during the third quarter valued at $263,000. Algert Global LLC purchased a new position in shares of EnerSys during the third quarter valued at $1,477,000. Oregon Public Employees Retirement Fund purchased a new position in shares of EnerSys during the third quarter valued at $1,038,000. First Mercantile Trust Co. purchased a new position in shares of EnerSys during the third quarter valued at $320,000. Finally, Foundry Partners LLC increased its position in shares of EnerSys by 2.2% in the third quarter. Foundry Partners LLC now owns 146,430 shares of the company’s stock valued at $10,131,000 after buying an additional 3,185 shares during the last quarter. 96.44% of the stock is owned by hedge funds and other institutional investors.
EnerSys (NYSE:ENS) opened at 67.46 on Thursday. The firm has a market cap of $2.93 billion, a P/E ratio of 22.78 and a beta of 1.52. EnerSys has a 1-year low of $42.60 and a 1-year high of $73.12. The stock’s 50 day moving average is $69.11 and its 200-day moving average is $62.96.
EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, August 10th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.04. EnerSys had a return on equity of 17.71% and a net margin of 5.62%. The company earned $600.60 million during the quarter, compared to analysts’ expectations of $599.28 million. During the same quarter in the prior year, the business posted $1.00 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts forecast that EnerSys will post $4.43 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.175 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.70 annualized dividend and a dividend yield of 1.04%. EnerSys’s payout ratio is 23.65%.
Separately, Maxim Group boosted their target price on shares of EnerSys from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. EnerSys currently has an average rating of “Buy” and an average target price of $71.33.
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.