Atria Investments Inc Trims Stock Position in EnerSys (NYSE:ENS)

Atria Investments Inc lowered its position in shares of EnerSys (NYSE:ENS) by 6.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,339 shares of the industrial products company’s stock after selling 248 shares during the quarter. Atria Investments Inc’s holdings in EnerSys were worth $341,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. American Century Companies Inc. boosted its stake in shares of EnerSys by 246.8% during the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after purchasing an additional 188,053 shares during the last quarter. Shellback Capital LP bought a new stake in EnerSys during the second quarter valued at $14,012,000. AQR Capital Management LLC lifted its holdings in EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the period. Great Lakes Advisors LLC acquired a new stake in EnerSys in the 2nd quarter valued at about $10,765,000. Finally, Deprince Race & Zollo Inc. lifted its stake in EnerSys by 16.7% during the second 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. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction dated 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 owns 17,175 shares of the company’s stock, valued at $1,732,442.25. This represents a 2.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joern Tinnemeyer sold 2,200 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 value of $220,000.00. Following the completion of the sale, the vice president now directly owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. The trade was a 7.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 in the last ninety days. 1.61% of the stock is owned by insiders.

EnerSys Stock Up 0.9 %

ENS stock opened at $95.15 on Friday. The business’s 50 day simple moving average is $99.62 and its 200 day simple moving average is $101.01. The firm has a market capitalization of $3.79 billion, a PE ratio of 13.48, a PEG ratio of 0.59 and a beta of 1.24. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. The business had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 EPS. As a group, research analysts anticipate that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. EnerSys’s payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ENS shares. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.