Wedge Capital Management L L P NC Sells 3,579 Shares of EnerSys (NYSE:ENS)

Wedge Capital Management L L P NC reduced its stake in shares of EnerSys (NYSE:ENS) by 8.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,917 shares of the industrial products company’s stock after selling 3,579 shares during the quarter. Wedge Capital Management L L P NC’s holdings in EnerSys were worth $4,074,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of EnerSys by 1.4% in the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after buying an additional 60,021 shares during the period. Janus Henderson Group PLC grew its holdings in EnerSys by 1.1% in the 1st quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock worth $123,412,000 after acquiring an additional 14,531 shares during the last quarter. Earnest Partners LLC increased its position in shares of EnerSys by 1.9% in the second quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock valued at $120,978,000 after acquiring an additional 21,903 shares during the period. AQR Capital Management LLC raised its stake in shares of EnerSys by 17.2% during the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock valued at $94,022,000 after acquiring an additional 133,211 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of EnerSys by 3.8% during the first quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock worth $84,512,000 after purchasing an additional 32,730 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Down 2.3 %

Shares of NYSE:ENS opened at $101.61 on Wednesday. The firm has a market capitalization of $4.09 billion, a P/E ratio of 15.63, a P/E/G ratio of 0.64 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The stock has a 50 day moving average price of $98.87 and a 200-day moving average price of $99.74. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $877.52 million. During the same quarter in the prior year, the company earned $1.89 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, equities research analysts anticipate that EnerSys will post 8.94 EPS for the current fiscal 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 paid a dividend of $0.24 per share. The ex-dividend date was Monday, September 16th. This represents a $0.96 annualized dividend and a yield of 0.94%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is presently 14.77%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on ENS shares. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research 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 issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Insiders Place Their Bets

In other news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Joern Tinnemeyer sold 2,200 shares of the firm’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 $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. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is currently owned by company insiders.

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.