First Eagle Investment Management LLC Reduces Stock Holdings in EnerSys (NYSE:ENS)

First Eagle Investment Management LLC cut its stake in shares of EnerSys (NYSE:ENS) by 49.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 29,247 shares of the industrial products company’s stock after selling 28,777 shares during the period. First Eagle Investment Management LLC’s holdings in EnerSys were worth $3,028,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of EnerSys during the second quarter worth $25,000. Covestor Ltd increased its stake in EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 264 shares during the period. UMB Bank n.a. lifted its holdings in EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares in the last quarter. GAMMA Investing LLC boosted its position in EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after buying an additional 224 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of EnerSys during the fourth quarter valued at about $52,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ENS. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th. Roth Mkm initiated coverage on shares of EnerSys in a research note on Tuesday, August 27th. They issued a “buy” rating and a $120.00 price target for the company. Finally, StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, August 30th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, EnerSys presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Trading Down 0.4 %

Shares of NYSE ENS opened at $102.14 on Friday. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $100.76 and its two-hundred day moving average price is $98.54. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The stock has a market capitalization of $4.11 billion, a P/E ratio of 15.71, a PEG ratio of 0.60 and a beta of 1.24.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. The business had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.89 EPS. On average, analysts anticipate that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.24 dividend. This is an increase from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, September 16th. EnerSys’s dividend payout ratio (DPR) is presently 14.77%.

Insider Activity

In related news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the sale, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Joern Tinnemeyer sold 2,200 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares in the company, valued at approximately $2,536,800. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction on 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 sale, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. The disclosure for this sale can be found here. In the last three months, insiders sold 22,700 shares of company stock valued at $2,271,843. Company insiders own 1.61% of the company’s stock.

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.