Thrivent Financial for Lutherans Cuts Position in EnerSys (NYSE:ENS)

Thrivent Financial for Lutherans reduced its position in EnerSys (NYSE:ENS) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,454 shares of the industrial products company’s stock after selling 311 shares during the period. Thrivent Financial for Lutherans’ holdings in EnerSys were worth $965,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its position in EnerSys by 2,444.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock worth $4,488,000 after acquiring an additional 45,881 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in 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 worth $6,764,000 after purchasing an additional 50,958 shares during the period. Price T Rowe Associates Inc. MD increased its stake in EnerSys by 14.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock valued at $4,255,000 after purchasing an additional 5,682 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of EnerSys by 832.0% during the second quarter. SG Americas Securities LLC now owns 18,612 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 16,615 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in shares of EnerSys during the second quarter worth $10,765,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

ENS has been the subject of several research reports. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Capital upgraded 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 research report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $118.00.

Insider Activity

In other news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the sale, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.61% of the company’s stock.

EnerSys Stock Up 1.0 %

EnerSys stock opened at $97.66 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. The company has a 50-day simple moving average of $99.15 and a 200-day simple moving average of $101.09. The firm has a market capitalization of $3.89 billion, a P/E ratio of 13.83, a P/E/G ratio of 0.61 and a beta of 1.24. EnerSys has a one year low of $86.41 and a one year high of $112.53.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $891.78 million. During the same quarter in the previous year, the company posted $1.84 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities analysts expect that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 0.98%. EnerSys’s payout ratio is 13.60%.

About EnerSys

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.