Quest Partners LLC Sells 1,038 Shares of EnerSys (NYSE:ENS)

Quest Partners LLC decreased its stake in EnerSys (NYSE:ENS) by 69.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 456 shares of the industrial products company’s stock after selling 1,038 shares during the period. Quest Partners LLC’s holdings in EnerSys were worth $47,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in EnerSys by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock worth $4,255,000 after purchasing an additional 5,682 shares during the last quarter. Comerica Bank boosted its stake in EnerSys by 12.1% in the 1st quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock worth $5,367,000 after purchasing an additional 6,133 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of EnerSys by 2,444.4% in the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after purchasing an additional 45,881 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of EnerSys during the 2nd quarter worth approximately $25,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.61% of the stock is owned by corporate insiders.

EnerSys Stock Performance

NYSE ENS opened at $96.66 on Friday. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The stock has a market cap of $3.85 billion, a PE ratio of 13.69, a P/E/G ratio of 0.60 and a beta of 1.24. The firm has a 50-day moving average of $99.15 and a 200-day moving average of $101.06. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97.

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

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. EnerSys’s payout ratio is 13.60%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Finally, Roth Mkm reissued a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Two investment 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 company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.