Wipfli Financial Advisors LLC purchased a new stake in EnerSys (NYSE:ENS – Get Rating) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 629 shares of the industrial products company’s stock, valued at approximately $37,000.
A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in EnerSys by 7.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company’s stock worth $104,691,000 after purchasing an additional 101,062 shares in the last quarter. State Street Corp lifted its stake in EnerSys by 3.8% in the 1st quarter. State Street Corp now owns 1,341,209 shares of the industrial products company’s stock worth $100,014,000 after purchasing an additional 49,207 shares in the last quarter. Principal Financial Group Inc. lifted its stake in EnerSys by 25.0% in the 2nd quarter. Principal Financial Group Inc. now owns 925,339 shares of the industrial products company’s stock worth $54,558,000 after purchasing an additional 185,072 shares in the last quarter. Macquarie Group Ltd. lifted its stake in EnerSys by 40.4% in the 2nd quarter. Macquarie Group Ltd. now owns 637,986 shares of the industrial products company’s stock worth $37,615,000 after purchasing an additional 183,583 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in EnerSys by 13.2% in the 2nd quarter. Legal & General Group Plc now owns 593,407 shares of the industrial products company’s stock worth $34,988,000 after purchasing an additional 69,276 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of brokerages have recently issued reports on ENS. BTIG Research raised their price target on shares of EnerSys to $85.00 in a report on Wednesday, November 16th. StockNews.com began coverage on shares of EnerSys in a report on Wednesday, October 12th. They set a “buy” rating for the company. Finally, TheStreet upgraded shares of EnerSys from a “c+” rating to a “b-” rating in a report on Tuesday, November 22nd.
EnerSys Stock Down 1.1 %
EnerSys (NYSE:ENS – Get Rating) last posted its earnings results on Wednesday, November 9th. The industrial products company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.02. EnerSys had a net margin of 3.66% and a return on equity of 12.72%. The firm had revenue of $899.40 million during the quarter, compared to the consensus estimate of $889.95 million. Research analysts expect that EnerSys will post 4.79 earnings per share for the current year.
EnerSys Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Friday, December 16th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $0.70 annualized dividend and a yield of 0.87%. EnerSys’s dividend payout ratio (DPR) is presently 22.51%.
EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.
- Get a free copy of the StockNews.com research report on EnerSys (ENS)
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