Vanguard Personalized Indexing Management LLC Increases Stake in EnerSys (NYSE:ENS)

Vanguard Personalized Indexing Management LLC grew its position in EnerSys (NYSE:ENS) by 15.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,852 shares of the industrial products company’s stock after acquiring an additional 520 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in EnerSys were worth $399,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ENS. American Century Companies Inc. raised its stake in shares of EnerSys by 246.8% in the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after acquiring an additional 188,053 shares during the period. Great Lakes Advisors LLC purchased a new stake in shares of EnerSys in the second quarter valued at $10,765,000. Allspring Global Investments Holdings LLC raised its stake in shares of EnerSys by 25,769.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 62,604 shares of the industrial products company’s stock valued at $6,481,000 after acquiring an additional 62,362 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 60,021 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of EnerSys by 98.0% in the second quarter. Renaissance Technologies LLC now owns 110,300 shares of the industrial products company’s stock valued at $11,418,000 after acquiring an additional 54,600 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Insiders Place Their Bets

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the 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 transaction, 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 document filed with the SEC, which can be accessed through this hyperlink. In other 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 value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joern Tinnemeyer sold 2,200 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 $220,000.00. Following the completion of the sale, the vice president now owns 25,368 shares in the company, valued at $2,536,800. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock worth $2,271,843 in the last three months. Corporate insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

ENS has been the topic of several recent analyst reports. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Stock Up 0.1 %

Shares of EnerSys stock opened at $101.64 on Friday. 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’s 50-day moving average is $100.02 and its two-hundred day moving average is $98.89. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 15.64, a PEG ratio of 0.62 and a beta of 1.24.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $877.52 million. During the same period in the prior year, the business earned $1.89 EPS. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, research analysts expect that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.94%. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. EnerSys’s dividend payout ratio 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.