Clearbridge Investments LLC Has $16.80 Million Stake in EnerSys (NYSE:ENS)

Clearbridge Investments LLC decreased its position in EnerSys (NYSE:ENS) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 162,301 shares of the industrial products company’s stock after selling 3,588 shares during the period. Clearbridge Investments LLC’s holdings in EnerSys were worth $16,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ENS. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of EnerSys in the second quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings in EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. Covestor Ltd lifted its position in shares of EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. GAMMA Investing LLC grew its holdings in shares of EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of EnerSys in the second quarter worth $41,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ENS. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Three 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 data from MarketBeat.com, EnerSys presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Buying and Selling at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the sale, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is currently owned by insiders.

EnerSys Trading Up 2.3 %

Shares of EnerSys stock opened at $100.48 on Friday. The firm’s 50 day moving average is $99.31 and its 200 day moving average is $99.11. The firm has a market capitalization of $4.04 billion, a PE ratio of 15.47, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48.

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

EnerSys Increases Dividend

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

EnerSys Company Profile

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.