EnerSys (NYSE:ENS) Shares Sold by Assetmark Inc.

Assetmark Inc. cut its stake in shares of EnerSys (NYSE:ENS) by 7.4% during the third quarter, HoldingsChannel.com reports. The firm owned 6,511 shares of the industrial products company’s stock after selling 522 shares during the period. Assetmark Inc.’s holdings in EnerSys were worth $664,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of EnerSys during the second quarter valued at about $25,000. Covestor Ltd lifted its holdings in shares of EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after buying an additional 264 shares during the last quarter. UMB Bank n.a. lifted its holdings in EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC increased its position in EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of EnerSys during the second quarter valued at approximately $41,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ENS shares. Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Transactions at EnerSys

In related 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 value of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. This represents a 7.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This represents a 0.97 % 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 worth $2,271,843. Company insiders own 1.61% of the company’s stock.

EnerSys Stock Down 1.2 %

Shares of ENS opened at $96.08 on Friday. The company has a market capitalization of $3.83 billion, a PE ratio of 13.61, a PEG ratio of 0.61 and a beta of 1.24. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53. The stock’s 50-day moving average price is $99.74 and its two-hundred day moving average price is $100.92. 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 (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The business had revenue of $883.70 million for 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 quarterly revenue 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. On average, analysts anticipate that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.00%. EnerSys’s dividend payout ratio is currently 13.60%.

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.