Stifel Financial Corp Increases Stock Position in EnerSys (NYSE:ENS)

Stifel Financial Corp increased its holdings in EnerSys (NYSE:ENS) by 7.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,563 shares of the industrial products company’s stock after acquiring an additional 630 shares during the quarter. Stifel Financial Corp’s holdings in EnerSys were worth $976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Earnest Partners LLC grew its holdings in EnerSys by 1.9% in the second quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock worth $120,978,000 after purchasing an additional 21,903 shares during the period. AQR Capital Management LLC grew its stake 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 during the last quarter. Deprince Race & Zollo Inc. increased its position in EnerSys by 16.7% during 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. Charles Schwab Investment Management Inc. raised its stake in EnerSys by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock valued at $60,657,000 after buying an additional 9,337 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in EnerSys by 8.7% in the third quarter. Fisher Asset Management LLC now owns 425,285 shares of the industrial products company’s stock worth $43,400,000 after acquiring an additional 34,173 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ENS shares. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Finally, Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, EnerSys currently has an average rating of “Buy” and an average price target of $120.00.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.61% of the company’s stock.

EnerSys Trading Down 0.8 %

EnerSys stock opened at $91.71 on Tuesday. EnerSys has a one year low of $86.41 and a one year high of $112.53. The business’s fifty day moving average is $97.31 and its 200 day moving average is $100.08. The stock has a market capitalization of $3.65 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 0.60 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87.

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

EnerSys Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.05%. EnerSys’s payout ratio is 13.60%.

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.