Canada Pension Plan Investment Board Takes Position in EnerSys (NYSE:ENS)

Canada Pension Plan Investment Board bought a new position in EnerSys (NYSE:ENS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 400 shares of the industrial products company’s stock, valued at approximately $41,000.

Other hedge funds also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in EnerSys by 246.8% in the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after acquiring an additional 188,053 shares in the last quarter. Great Lakes Advisors LLC bought a new stake in shares of EnerSys during the 2nd quarter valued at about $10,765,000. Allspring Global Investments Holdings LLC increased its position in shares of EnerSys by 25,769.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 62,604 shares of the industrial products company’s stock valued at $6,481,000 after buying an additional 62,362 shares during the period. Vanguard Group Inc. lifted its holdings in EnerSys by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after buying an additional 60,021 shares during the period. Finally, Renaissance Technologies LLC boosted its position in EnerSys by 98.0% during the 2nd quarter. Renaissance Technologies LLC now owns 110,300 shares of the industrial products company’s stock valued at $11,418,000 after acquiring an additional 54,600 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Insider Activity at EnerSys

In related news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 over the last 90 days. Corporate insiders own 1.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ENS shares. Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Stock Up 0.1 %

ENS stock opened at $101.58 on Monday. The business has a 50 day moving average of $100.02 and a 200 day moving average of $98.98. The firm has a market cap of $4.09 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.97 by $0.01. The firm had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the company earned $1.89 earnings per share. On average, research analysts forecast that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.24 per share. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. EnerSys’s dividend payout ratio is presently 14.77%.

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.