EnerSys (NYSE:ENS) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its stake in EnerSys (NYSE:ENS) by 4.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 191,997 shares of the industrial products company’s stock after selling 9,936 shares during the quarter. Envestnet Asset Management Inc.’s holdings in EnerSys were worth $19,876,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ENS. Vanguard Group Inc. increased its stake in EnerSys by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after buying an additional 60,021 shares in the last quarter. Quantbot Technologies LP raised its stake in EnerSys by 867.8% in the 1st quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock valued at $1,219,000 after purchasing an additional 11,576 shares during the last quarter. Seven Eight Capital LP acquired a new stake in EnerSys during the 4th quarter worth $893,000. DekaBank Deutsche Girozentrale grew its holdings in shares of EnerSys by 2,444.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock worth $4,488,000 after buying an additional 45,881 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of EnerSys by 354.4% in the second quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock valued at $6,764,000 after buying an additional 50,958 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insiders Place Their Bets

In other news, insider Chad C. Uplinger sold 500 shares of EnerSys 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 of the company’s stock, valued at $1,732,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction that occurred on 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 directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the completion of the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 over the last ninety days. Corporate insiders own 1.61% of the company’s stock.

EnerSys Stock Down 2.8 %

Shares of NYSE ENS opened at $99.29 on Tuesday. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The company has a market capitalization of $3.99 billion, a P/E ratio of 15.28, a P/E/G ratio of 0.60 and a beta of 1.24. The company has a 50 day simple moving average of $100.54 and a 200-day simple moving average of $98.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. The company had revenue of $852.90 million for 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 company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.89 earnings per share. On average, equities research analysts predict that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.24 dividend. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. EnerSys’s payout ratio is presently 14.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ENS. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, August 30th. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Three 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

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.