Inspire Investing LLC Purchases 652 Shares of EnerSys (NYSE:ENS)

Inspire Investing LLC raised its holdings in EnerSys (NYSE:ENS) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,050 shares of the industrial products company’s stock after buying an additional 652 shares during the quarter. Inspire Investing LLC’s holdings in EnerSys were worth $413,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in ENS. American Century Companies Inc. increased its stake in 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. Shellback Capital LP bought a new stake in shares of EnerSys in the 2nd quarter valued at approximately $14,012,000. AQR Capital Management LLC raised its holdings in shares of EnerSys by 17.2% in the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after buying an additional 133,211 shares in the last quarter. Great Lakes Advisors LLC bought a new position in shares of EnerSys during the 2nd quarter worth approximately $10,765,000. Finally, Deprince Race & Zollo Inc. boosted its stake in EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after buying an additional 92,398 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,700 shares of company stock worth $2,271,843. Insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

Shares of NYSE:ENS opened at $103.13 on Thursday. The business has a fifty day moving average of $99.03 and a 200-day moving average of $99.77. 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 has a twelve month low of $83.27 and a twelve month high of $112.53. The firm has a market cap of $4.15 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.64 and a beta of 1.23.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating 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 firm had revenue of $852.90 million during the quarter, compared to analysts’ expectations of $877.52 million. During the same quarter last year, the company posted $1.89 EPS. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts predict that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have issued reports on ENS. Roth Capital raised EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, EnerSys presently has an average rating of “Moderate Buy” and an average price target 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.