DekaBank Deutsche Girozentrale Lowers Stake in EnerSys (NYSE:ENS)

DekaBank Deutsche Girozentrale lessened its holdings in EnerSys (NYSE:ENS) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,758 shares of the industrial products company’s stock after selling 1,318 shares during the period. DekaBank Deutsche Girozentrale owned about 0.12% of EnerSys worth $4,809,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of EnerSys in the second quarter valued at approximately $25,000. Covestor Ltd grew its position in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 264 shares during the period. UMB Bank n.a. raised its position in shares of EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC lifted its stake 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 in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in EnerSys in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 17,600 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at $22,672,123.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the sale, the chief executive officer now directly owns 226,540 shares in the company, valued at approximately $22,672,123.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $240,000.00. Following the transaction, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock valued at $2,271,843 over the last quarter. 1.61% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ENS shares. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

EnerSys Stock Down 1.2 %

Shares of NYSE:ENS opened at $96.88 on Friday. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The stock has a market cap of $3.90 billion, a P/E ratio of 14.66, a PEG ratio of 0.62 and a beta of 1.23. The business has a fifty day moving average of $99.94 and a two-hundred day moving average of $100.36. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The firm had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. During the same quarter in the prior year, the firm posted $1.89 earnings per share. EnerSys’s quarterly revenue was down 6.1% on a year-over-year basis. On average, research analysts expect that EnerSys will post 8.93 earnings per share for the current year.

EnerSys Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 0.99%. EnerSys’s dividend payout ratio is currently 14.52%.

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.