EnerSys (NYSE:ENS) Position Cut by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its holdings in EnerSys (NYSE:ENS) by 79.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,215 shares of the industrial products company’s stock after selling 77,311 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in EnerSys were worth $2,093,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in EnerSys by 2.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock worth $422,000 after purchasing an additional 126 shares during the period. Retirement Systems of Alabama lifted its position in EnerSys by 0.3% in the first quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock worth $4,794,000 after purchasing an additional 154 shares during the period. Azzad Asset Management Inc. ADV lifted its position in EnerSys by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after purchasing an additional 167 shares during the period. Finally, Arizona State Retirement System lifted its position in EnerSys by 1.9% in the second quarter. Arizona State Retirement System now owns 11,314 shares of the industrial products company’s stock worth $1,171,000 after purchasing an additional 211 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the sale, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the sale, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joern Tinnemeyer sold 2,200 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 value of $220,000.00. Following the completion of the sale, the vice president now owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock worth $2,271,843 over the last quarter. Corporate insiders own 1.61% of the company’s stock.

EnerSys Price Performance

Shares of NYSE:ENS opened at $102.02 on Tuesday. EnerSys has a one year low of $83.27 and a one year high of $112.53. The stock has a fifty day moving average of $99.89 and a 200-day moving average of $99.06. The company has a market capitalization of $4.10 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70.

EnerSys (NYSE:ENS) last announced its quarterly earnings data 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 company had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 EPS. As a group, equities analysts anticipate 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 issued a $0.24 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio is presently 14.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Roth Mkm restated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Three investment 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

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.