EnerSys (NYSE:ENS) Position Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its stake in shares of EnerSys (NYSE:ENS) by 11.1% in the fourth quarter, HoldingsChannel reports. The firm owned 50,621 shares of the industrial products company’s stock after selling 6,300 shares during the quarter. New York State Teachers Retirement System’s holdings in EnerSys were worth $4,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of EnerSys during the fourth quarter valued at $47,000. Millburn Ridgefield Corp bought a new stake in EnerSys in the 3rd quarter valued at about $88,000. Point72 Asset Management L.P. acquired a new position in EnerSys during the 3rd quarter valued at about $125,000. CWM LLC grew its position in EnerSys by 48.6% in the 3rd quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 484 shares during the last quarter. Finally, KBC Group NV grew its position in EnerSys by 64.0% in the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 727 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ENS has been the topic of a number of recent analyst reports. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $117.50.

EnerSys Stock Up 1.3 %

ENS stock opened at $102.83 on Friday. The firm’s 50-day moving average is $95.75 and its two-hundred day moving average is $97.41. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. EnerSys has a 52 week low of $88.50 and a 52 week high of $112.53.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys’s payout ratio is currently 11.88%.

Insiders Place Their Bets

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of EnerSys 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 approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.61% of the stock is owned by company insiders.

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.