EnerSys (NYSE:ENS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in EnerSys (NYSE:ENS) by 13.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,747 shares of the industrial products company’s stock after selling 2,061 shares during the period. Victory Capital Management Inc.’s holdings in EnerSys were worth $1,320,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ENS. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of EnerSys in the second quarter valued at $25,000. Covestor Ltd raised its position in shares of EnerSys by 231.6% during the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 264 shares during the period. UMB Bank n.a. raised its position in shares of EnerSys by 36.2% during the second 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 period. GAMMA Investing LLC raised its position in shares of EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 224 shares during the period. Finally, Principal Securities Inc. acquired a new stake in shares of EnerSys during the fourth quarter worth $52,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ENS. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th. BTIG Research lowered EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Roth Mkm began coverage on EnerSys in a research report on Tuesday, August 27th. They set a “buy” rating and a $120.00 price target on the stock. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, EnerSys currently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Stock Performance

Shares of ENS stock opened at $102.52 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The stock’s 50-day moving average is $100.80 and its two-hundred day moving average is $98.51. The firm has a market cap of $4.12 billion, a P/E ratio of 15.70, a PEG ratio of 0.60 and a beta of 1.24.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.97 by $0.01. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. During the same period in the prior year, the firm posted $1.89 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. Analysts predict that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.24 dividend. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 0.94%. The ex-dividend date is Monday, September 16th. EnerSys’s dividend payout ratio is presently 14.77%.

Insiders Place Their Bets

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

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.