Retirement Systems of Alabama Sells 995 Shares of EnerSys (NYSE:ENS)

Retirement Systems of Alabama reduced its stake in EnerSys (NYSE:ENS) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,888 shares of the industrial products company’s stock after selling 995 shares during the quarter. Retirement Systems of Alabama owned about 0.12% of EnerSys worth $4,989,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ENS. Franklin Resources Inc. grew its position in shares of EnerSys by 13.9% in the third quarter. Franklin Resources Inc. now owns 38,117 shares of the industrial products company’s stock valued at $3,964,000 after purchasing an additional 4,657 shares during the last quarter. Sanctuary Advisors LLC increased its position in 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 buying an additional 818 shares during the period. Geode Capital Management LLC grew its stake in shares of EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after acquiring an additional 11,384 shares in the last quarter. Barclays PLC increased its position in EnerSys by 87.2% during the third 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 during the period. Finally, XTX Topco Ltd raised its stake in EnerSys by 22.4% in the 3rd quarter. XTX Topco Ltd now owns 3,829 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 702 shares in the last quarter. 94.93% of the stock is owned by institutional investors.

EnerSys Stock Performance

NYSE ENS opened at $94.16 on Thursday. The firm’s 50 day simple moving average is $97.70 and its 200 day simple moving average is $100.34. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.34, a P/E/G ratio of 0.60 and a beta of 1.22. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $891.78 million. During the same quarter last year, the company posted $1.84 EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts expect 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. Stockholders of record on Friday, December 13th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is currently 13.60%.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ENS. Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.