First Midwest Bank Trust Division increased its stake in EnerSys (NYSE:ENS) by 47.0% during the second quarter, Holdings Channel reports. The firm owned 6,674 shares of the company’s stock after buying an additional 2,135 shares during the period. First Midwest Bank Trust Division’s holdings in EnerSys were worth $397,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ENS. Norges Bank acquired a new position in shares of EnerSys during the fourth quarter valued at about $41,787,000. Aperio Group LLC increased its position in shares of EnerSys by 0.5% in the first quarter. Aperio Group LLC now owns 9,909 shares of the company’s stock valued at $552,000 after buying an additional 46 shares during the last quarter. TIAA CREF Investment Management LLC increased its position in shares of EnerSys by 29.1% in the first quarter. TIAA CREF Investment Management LLC now owns 210,761 shares of the company’s stock valued at $11,744,000 after buying an additional 47,520 shares during the last quarter. Prudential Financial Inc. increased its position in shares of EnerSys by 1.9% in the first quarter. Prudential Financial Inc. now owns 155,961 shares of the company’s stock valued at $8,690,000 after buying an additional 2,922 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of EnerSys by 3.5% in the first quarter. Franklin Resources Inc. now owns 1,075,710 shares of the company’s stock valued at $59,939,000 after buying an additional 36,800 shares during the last quarter. Institutional investors and hedge funds own 96.42% of the company’s stock.
EnerSys (NYSE:ENS) traded up 0.53% during midday trading on Thursday, hitting $70.31. The stock had a trading volume of 179,592 shares. EnerSys has a 1-year low of $42.60 and a 1-year high of $73.12. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 23.74 and a beta of 1.52. The company has a 50-day moving average of $69.38 and a 200-day moving average of $62.63.
EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, August 10th. The company reported $1.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.04. EnerSys had a net margin of 5.62% and a return on equity of 17.71%. The firm had revenue of $600.60 million for the quarter, compared to analysts’ expectations of $599.28 million. During the same quarter last year, the firm earned $1.00 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts forecast that EnerSys will post $4.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.175 dividend. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.00%. EnerSys’s dividend payout ratio (DPR) is presently 23.65%.
Separately, Maxim Group lifted their price objective on EnerSys from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $71.33.
EnerSys Company Profile
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.