Van ECK Associates Corp Makes New Investment in EnerSys (NYSE:ENS)

Van ECK Associates Corp bought a new stake in shares of EnerSys (NYSE:ENS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,804 shares of the industrial products company’s stock, valued at approximately $1,545,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Toronto Dominion Bank purchased a new position in shares of EnerSys during the first quarter valued at approximately $25,000. Rockefeller Capital Management L.P. boosted its position in shares of EnerSys by 389.2% during the first quarter. Rockefeller Capital Management L.P. now owns 318 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 253 shares in the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of EnerSys during the second quarter valued at approximately $34,000. Sage Financial Management Group Inc. bought a new stake in shares of EnerSys during the first quarter valued at approximately $97,000. Finally, Harbour Investments Inc. bought a new stake in shares of EnerSys during the first quarter valued at approximately $101,000. 95.03% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Andrew M. Zogby sold 4,351 shares of the business’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $87.26, for a total value of $379,668.26. Following the completion of the transaction, the insider now owns 32,317 shares in the company, valued at $2,819,981.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Shaffer sold 7,100 shares of the business’s stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $85.02, for a total value of $603,642.00. Following the completion of the transaction, the chief executive officer now owns 223,655 shares of the company’s stock, valued at approximately $19,015,148.10. The disclosure for this sale can be found here. Insiders own 1.37% of the company’s stock.

NYSE ENS opened at $73.39 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 2.81 and a debt-to-equity ratio of 0.65. EnerSys has a twelve month low of $62.30 and a twelve month high of $104.47. The firm has a market capitalization of $3.12 billion, a PE ratio of 20.91, a P/E/G ratio of 1.51 and a beta of 1.43. The stock’s 50 day moving average is $89.16 and its 200 day moving average is $92.38.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, August 11th. The industrial products company reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.05. EnerSys had a return on equity of 13.76% and a net margin of 4.92%. The business had revenue of $814.90 million for the quarter, compared to the consensus estimate of $815.10 million. On average, research analysts anticipate that EnerSys will post 5.29 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 24th. Shareholders of record on Friday, September 10th will be issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 9th. EnerSys’s dividend payout ratio (DPR) is 15.59%.

Separately, BTIG Research upgraded EnerSys from a “neutral” rating to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, June 16th.

EnerSys Profile

EnerSys engages in the provision of stored energy solutions for industrial applications. The company operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment, which combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and other applications requiring stored energy solutions.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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