Neuberger Berman Group LLC Makes New Investment in Enersys (NYSE:ENS)

Neuberger Berman Group LLC acquired a new position in shares of Enersys (NYSE:ENS) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,358 shares of the industrial products company’s stock, valued at approximately $216,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its holdings in Enersys by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company’s stock worth $46,000 after acquiring an additional 100 shares in the last quarter. Aquatic Capital Management LLC lifted its position in shares of Enersys by 2.5% in the 4th quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company’s stock worth $502,000 after buying an additional 133 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Enersys by 1.0% in the 1st quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company’s stock worth $1,233,000 after buying an additional 135 shares during the last quarter. Mariner LLC lifted its position in shares of Enersys by 3.4% in the 4th quarter. Mariner LLC now owns 4,460 shares of the industrial products company’s stock worth $412,000 after buying an additional 147 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of Enersys by 7.1% in the 1st quarter. Heritage Family Offices LLP now owns 2,683 shares of the industrial products company’s stock worth $246,000 after buying an additional 177 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ENS shares. Wall Street Zen downgraded shares of Enersys from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Roth Capital restated a “buy” rating and issued a $120.00 price target on shares of Enersys in a research report on Tuesday, August 5th. Oppenheimer restated an “outperform” rating on shares of Enersys in a research report on Friday, August 8th. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of Enersys in a research report on Wednesday, May 14th.

Enersys Trading Down 0.8%

Shares of NYSE:ENS opened at $98.36 on Friday. The company has a market cap of $3.69 billion, a PE ratio of 11.23, a P/E/G ratio of 0.56 and a beta of 1.08. The company’s 50-day moving average price is $89.81 and its 200 day moving average price is $91.42. Enersys has a fifty-two week low of $76.57 and a fifty-two week high of $104.36. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68.

Enersys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 6th. The industrial products company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.03. The firm had revenue of $893.00 million for the quarter, compared to the consensus estimate of $848.02 million. Enersys had a net margin of 9.60% and a return on equity of 21.99%. Enersys’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $1.98 EPS. Sell-side analysts anticipate that Enersys will post 9.99 earnings per share for the current year.

Enersys Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, September 12th will be given a dividend of $0.2625 per share. This is a positive change from Enersys’s previous quarterly dividend of $0.24. The ex-dividend date is Friday, September 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 1.1%. Enersys’s payout ratio is presently 10.96%.

Insider Transactions at Enersys

In other Enersys news, CFO Andrea J. Funk acquired 315 shares of the stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the purchase, the chief financial officer directly owned 50,645 shares of the company’s stock, valued at approximately $4,061,729. This trade represents a 0.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Shawn M. O’connell acquired 475 shares of the stock in a transaction dated Friday, May 30th. The stock was acquired at an average cost of $83.76 per share, for a total transaction of $39,786.00. Following the purchase, the chief executive officer directly owned 43,030 shares in the company, valued at approximately $3,604,192.80. The trade was a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,085 shares of company stock worth $89,726 over the last 90 days. 0.91% of the stock is owned by insiders.

Enersys Company 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.