Handelsbanken Fonder AB Boosts Stock Position in EnerSys (NYSE:ENS)

Handelsbanken Fonder AB lifted its stake in EnerSys (NYSE:ENS) by 39.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,230 shares of the industrial products company’s stock after purchasing an additional 3,200 shares during the quarter. Handelsbanken Fonder AB’s holdings in EnerSys were worth $1,146,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC purchased a new stake in EnerSys in the 2nd quarter valued at $343,000. Aurora Investment Counsel grew its holdings in shares of EnerSys by 0.7% in the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 139 shares during the period. Creative Planning increased its position in EnerSys by 60.4% during the second quarter. Creative Planning now owns 5,832 shares of the industrial products company’s stock worth $604,000 after purchasing an additional 2,196 shares during the last quarter. Silver Lake Advisory LLC increased its position in EnerSys by 0.8% during the second quarter. Silver Lake Advisory LLC now owns 30,886 shares of the industrial products company’s stock worth $3,197,000 after purchasing an additional 260 shares during the last quarter. Finally, Algert Global LLC purchased a new position in EnerSys during the second quarter worth about $4,505,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ENS shares. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, EnerSys currently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Insiders Place Their Bets

In related news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the transaction, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. This trade represents 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 this hyperlink. In related news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction that occurred 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 transaction, the vice president now owns 25,368 shares in the company, valued at $2,536,800. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 over the last 90 days. Corporate insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

Shares of ENS stock opened at $103.08 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The firm has a market cap of $4.15 billion, a P/E ratio of 15.86, a P/E/G ratio of 0.64 and a beta of 1.23. The firm’s 50 day moving average price is $98.62 and its 200-day moving average price is $99.54. EnerSys has a one year low of $83.27 and a one year high of $112.53.

EnerSys (NYSE:ENS) last posted 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. The firm had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. EnerSys’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 EPS. As a group, equities research analysts predict that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.24 per share. This is an increase from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 0.93%. The ex-dividend date was Monday, September 16th. EnerSys’s dividend payout ratio is presently 14.77%.

EnerSys 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.