Charles Schwab Investment Management Inc. Decreases Holdings in Ennis, Inc. (NYSE:EBF)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Ennis, Inc. (NYSE:EBF - Free Report) by 14.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 321,568 shares of the industrial products company's stock after selling 54,315 shares during the period. Charles Schwab Investment Management Inc. owned 1.24% of Ennis worth $7,821,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Renaissance Technologies LLC grew its holdings in shares of Ennis by 0.7% in the second quarter. Renaissance Technologies LLC now owns 1,537,746 shares of the industrial products company's stock valued at $33,661,000 after purchasing an additional 11,000 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Ennis by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 339,928 shares of the industrial products company's stock worth $7,441,000 after purchasing an additional 1,254 shares during the period. American Century Companies Inc. grew its holdings in shares of Ennis by 47.1% during the 2nd quarter. American Century Companies Inc. now owns 274,947 shares of the industrial products company's stock worth $6,019,000 after purchasing an additional 88,042 shares during the period. AQR Capital Management LLC grew its holdings in shares of Ennis by 74.5% during the 2nd quarter. AQR Capital Management LLC now owns 268,172 shares of the industrial products company's stock worth $5,870,000 after purchasing an additional 114,516 shares during the period. Finally, Creative Planning grew its holdings in shares of Ennis by 84.9% during the 3rd quarter. Creative Planning now owns 57,093 shares of the industrial products company's stock worth $1,389,000 after purchasing an additional 26,207 shares during the period. Hedge funds and other institutional investors own 74.33% of the company's stock.

Ennis Stock Performance

Shares of NYSE:EBF remained flat at $21.42 during mid-day trading on Wednesday. 142,178 shares of the company were exchanged, compared to its average volume of 126,708. The company has a market cap of $556.92 million, a price-to-earnings ratio of 13.53 and a beta of 0.41. The company has a 50-day moving average price of $21.49 and a 200-day moving average price of $22.23. Ennis, Inc. has a 1 year low of $18.88 and a 1 year high of $25.75.

Ennis (NYSE:EBF - Get Free Report) last issued its quarterly earnings results on Monday, September 23rd. The industrial products company reported $0.40 earnings per share (EPS) for the quarter. The business had revenue of $99.04 million for the quarter. Ennis had a net margin of 10.15% and a return on equity of 11.64%.

Ennis Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 11th were given a $0.25 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.00 annualized dividend and a yield of 4.67%. Ennis's dividend payout ratio is presently 63.29%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Ennis from a "strong-buy" rating to a "buy" rating in a research note on Wednesday.

Ennis Profile

Ennis, Inc manufactures and sells business forms and other business products in the United States. The company offers snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls, and pressure sensitive products under the Ennis, Royal Business Forms, Block Graphics, 360º Custom Labels, ColorWorx, Enfusion, Uncompromised Check Solutions, VersaSeal, Ad Concepts, FormSource Limited, Star Award Ribbon Company, Witt Printing, B&D Litho, Genforms, PrintGraphics, Calibrated Forms, PrintXcel, Printegra, Forms Manufacturers, Mutual Graphics, TRI-C Business Forms, Major Business Systems, Independent Printing, Hoosier Data Forms, Hayes Graphics, Wright Business Graphics, Wright 360, Integrated Print & Graphics, the Flesh Company, Impressions Direct, and AmeriPrint brands.