Neuberger Berman Group LLC Invests $216,000 in Enersys (NYSE:ENS)

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

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Enersys by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,477,667 shares of the industrial products company’s stock worth $136,583,000 after acquiring an additional 13,104 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Enersys by 1.1% in the fourth quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company’s stock worth $122,262,000 after acquiring an additional 13,786 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in shares of Enersys by 13.4% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company’s stock worth $95,021,000 after acquiring an additional 121,758 shares in the last quarter. Northern Trust Corp increased its position in shares of Enersys by 6.2% in the fourth quarter. Northern Trust Corp now owns 607,105 shares of the industrial products company’s stock worth $56,115,000 after acquiring an additional 35,667 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its position in Enersys by 3.3% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 477,972 shares of the industrial products company’s stock valued at $44,179,000 after purchasing an additional 15,472 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analysts Set New Price Targets

ENS has been the topic of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating on shares of Enersys in a research report on Friday, August 8th. Roth Capital reaffirmed a “buy” rating and set a $120.00 price objective on shares of Enersys in a research report on Tuesday, August 5th. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price objective on shares of Enersys in a research report on Wednesday, May 14th. Finally, Wall Street Zen downgraded shares of Enersys from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th.

Insider Activity at Enersys

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

Enersys Stock Performance

ENS stock opened at $98.36 on Friday. The company has a quick ratio of 1.91, a current ratio of 3.00 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.56 and a beta of 1.08. Enersys has a 12 month low of $76.57 and a 12 month high of $104.36. The firm has a 50 day moving average of $89.81 and a two-hundred day moving average of $91.42.

Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 6th. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.05 by $0.03. The company had revenue of $893.00 million during 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%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.98 earnings per share. As a group, equities analysts anticipate that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Increases Dividend

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

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.