Oppenheimer Asset Management Inc. Purchases 1,529 Shares of EnerSys (NYSE:ENS)

Oppenheimer Asset Management Inc. grew its position in shares of EnerSys (NYSE:ENS) by 10.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,176 shares of the industrial products company’s stock after buying an additional 1,529 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in EnerSys were worth $1,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in EnerSys in the 2nd quarter valued at approximately $25,000. Covestor Ltd lifted its holdings in shares of EnerSys by 231.6% during the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. UMB Bank n.a. boosted its position in shares of EnerSys by 36.2% during the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after buying an additional 94 shares during the last quarter. GAMMA Investing LLC increased its holdings in EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in EnerSys in the 4th quarter worth about $52,000. Institutional investors own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ENS. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 30th. Roth Mkm began coverage on shares of EnerSys in a research note on Tuesday, August 27th. They set a “buy” rating and a $120.00 target price for the company. BTIG Research downgraded EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, EnerSys has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at approximately $24,414,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other EnerSys news, CEO David M. Shaffer sold 17,600 shares of EnerSys stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the completion of the transaction, the chief executive officer now directly owns 226,540 shares of the company’s stock, valued at $22,672,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at approximately $24,414,000. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 in the last three months. Corporate insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

Shares of NYSE ENS opened at $101.00 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The firm has a fifty day moving average price of $100.79 and a 200-day moving average price of $98.50. The stock has a market cap of $4.06 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24.

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

EnerSys Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.24 dividend. This is a boost from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Monday, September 16th. EnerSys’s dividend payout ratio (DPR) is presently 14.77%.

About EnerSys

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.