EnerSys (NYSE:ENS) Stock Holdings Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in shares of EnerSys (NYSE:ENS) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 140,374 shares of the industrial products company’s stock after selling 1,398 shares during the quarter. JPMorgan Chase & Co.’s holdings in EnerSys were worth $14,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of EnerSys by 13.9% during the 3rd quarter. Franklin Resources Inc. now owns 38,117 shares of the industrial products company’s stock worth $3,964,000 after acquiring an additional 4,657 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of EnerSys by 24.7% during the 3rd quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company’s stock worth $403,000 after acquiring an additional 818 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of EnerSys by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock worth $96,584,000 after acquiring an additional 11,384 shares in the last quarter. Barclays PLC boosted its stake in shares of EnerSys by 87.2% during the 3rd quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock worth $18,788,000 after acquiring an additional 85,742 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of EnerSys by 22.4% during the 3rd quarter. XTX Topco Ltd now owns 3,829 shares of the industrial products company’s stock worth $391,000 after acquiring an additional 702 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

EnerSys Price Performance

ENS opened at $89.50 on Friday. The stock has a fifty day moving average of $95.18 and a 200-day moving average of $98.91. The firm has a market capitalization of $3.56 billion, a P/E ratio of 12.68, a PEG ratio of 0.58 and a beta of 1.22. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. The company had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 earnings per share. Equities analysts forecast that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.07%. EnerSys’s dividend payout ratio is 13.60%.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, EnerSys has an average rating of “Buy” and an average price target of $120.00.

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.