EnerSys (NYSE:ENS) Stock Position Cut by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC trimmed its stake in shares of EnerSys (NYSE:ENS) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,521 shares of the industrial products company’s stock after selling 138 shares during the quarter. Integrated Investment Consultants LLC’s holdings in EnerSys were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENS. American Century Companies Inc. boosted its stake in EnerSys by 246.8% during the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after buying an additional 188,053 shares in the last quarter. Shellback Capital LP bought a new stake in shares of EnerSys in the 2nd quarter worth approximately $14,012,000. AQR Capital Management LLC boosted its holdings in EnerSys by 17.2% during the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after buying an additional 133,211 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in EnerSys in the second quarter worth approximately $10,765,000. Finally, Deprince Race & Zollo Inc. lifted its position in shares of EnerSys by 16.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after acquiring an additional 92,398 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction on 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 in the company, valued at $24,414,000. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock worth $2,271,843 over the last 90 days. Insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

Shares of ENS stock opened at $95.15 on Friday. The firm has a market cap of $3.79 billion, a P/E ratio of 13.48, a PEG ratio of 0.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. EnerSys has a fifty-two week low of $86.41 and a fifty-two week high of $112.53. The stock’s 50-day moving average is $99.62 and its two-hundred day moving average is $101.01.

EnerSys (NYSE:ENS) last posted 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 firm had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.84 earnings per share. Analysts predict that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.01%. EnerSys’s payout ratio is currently 13.60%.

Analyst Ratings Changes

ENS has been the topic of a number of analyst reports. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently 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.