Bank of Montreal Can Acquires 52,709 Shares of EnerSys (NYSE:ENS)

Bank of Montreal Can increased its stake in EnerSys (NYSE:ENS) by 729.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 59,937 shares of the industrial products company’s stock after purchasing an additional 52,709 shares during the quarter. Bank of Montreal Can’s holdings in EnerSys were worth $6,251,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 valued at $415,262,000 after purchasing an additional 60,021 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of EnerSys by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock valued at $123,412,000 after buying an additional 14,531 shares during the period. Principal Financial Group Inc. increased its position in EnerSys by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock valued at $84,512,000 after buying an additional 32,730 shares in the last quarter. American Century Companies Inc. raised its stake in EnerSys by 246.8% during the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after buying an additional 188,053 shares during the period. Finally, First Trust Advisors LP boosted its holdings in EnerSys by 6.7% in the fourth quarter. First Trust Advisors LP now owns 248,159 shares of the industrial products company’s stock worth $25,054,000 after acquiring an additional 15,684 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Trading Up 0.4 %

NYSE ENS opened at $102.02 on Tuesday. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $99.89 and a 200 day simple moving average of $99.06. EnerSys has a 12 month low of $83.27 and a 12 month high of $112.53. The firm has a market capitalization of $4.10 billion, a P/E ratio of 15.70, a PEG ratio of 0.62 and a beta of 1.24.

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

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, September 16th. This is an increase from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is presently 14.77%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other EnerSys 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 transaction, the insider now owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO David M. Shaffer sold 2,400 shares of the firm’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 completion of the sale, the chief executive officer now owns 244,140 shares in the company, valued at $24,414,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock valued at $2,271,843 over the last three months. Corporate insiders own 1.61% of the company’s stock.

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.