EnerSys (NYSE:ENS) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in EnerSys (NYSE:ENS) by 10.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,334 shares of the industrial products company’s stock after selling 513 shares during the period. Public Employees Retirement Association of Colorado’s holdings in EnerSys were worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in ENS. UMB Bank n.a. grew 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 valued at $37,000 after buying an additional 94 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of EnerSys by 2.9% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock valued at $422,000 after purchasing an additional 126 shares during the period. Retirement Systems of Alabama increased its position in EnerSys by 0.3% during the first quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock worth $4,794,000 after purchasing an additional 154 shares during the last quarter. Azzad Asset Management Inc. ADV raised its stake in EnerSys by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after purchasing an additional 167 shares during the period. Finally, Arizona State Retirement System boosted its holdings in EnerSys by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 11,314 shares of the industrial products company’s stock valued at $1,171,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Stock Up 2.1 %

EnerSys stock opened at $101.56 on Friday. The company has a market capitalization of $4.09 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The firm has a 50 day moving average price of $100.10 and a 200 day moving average price of $98.83.

EnerSys (NYSE:ENS) last issued its quarterly earnings data 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. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The business had revenue of $852.90 million during the quarter, compared to analysts’ expectations of $877.52 million. During the same period in the previous year, the firm posted $1.89 earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. Research analysts expect that EnerSys will post 8.94 earnings per share for the current 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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Monday, September 16th. This is a boost from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio is currently 14.77%.

Insider Activity

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the sale, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joern Tinnemeyer sold 2,200 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at $2,536,800. The disclosure for this sale can be found here. Over the last quarter, insiders sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ENS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.