EnerSys (NYSE:ENS) Stock Holdings Lifted by US Bancorp DE

US Bancorp DE lifted its stake in shares of EnerSys (NYSE:ENS) by 8.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,990 shares of the industrial products company’s stock after acquiring an additional 473 shares during the quarter. US Bancorp DE’s holdings in EnerSys were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of EnerSys by 246.8% in the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after purchasing an additional 188,053 shares during the period. Shellback Capital LP purchased a new stake in EnerSys during the second quarter valued at about $14,012,000. AQR Capital Management LLC boosted its holdings in shares of EnerSys by 17.2% in 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 during the period. Great Lakes Advisors LLC purchased a new position in shares of EnerSys in the second quarter worth approximately $10,765,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of EnerSys by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after acquiring an additional 92,398 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

EnerSys Stock Performance

Shares of ENS opened at $97.44 on Monday. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. 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 company has a market capitalization of $3.92 billion, a PE ratio of 13.80, a PEG ratio of 0.63 and a beta of 1.24. The company’s 50 day moving average price is $99.79 and its 200 day moving average price is $100.82.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.25% and a net margin of 8.25%. The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. During the same quarter in the previous year, the company posted $1.84 earnings per share. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. Research analysts expect that EnerSys will post 8.93 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 0.99%. EnerSys’s dividend payout ratio is currently 13.60%.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Shaffer sold 17,600 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the completion of the sale, the chief executive officer now owns 226,540 shares of the company’s stock, valued at $22,672,123.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ENS has been the subject of several research analyst reports. Roth Mkm restated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a 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 stock currently has an average rating of “Moderate Buy” and an average target price of $118.00.

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.