SG Americas Securities LLC Has $1.17 Million Stake in EnerSys (NYSE:ENS)

SG Americas Securities LLC reduced its stake in shares of EnerSys (NYSE:ENS) by 38.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 11,435 shares of the industrial products company’s stock after selling 7,177 shares during the quarter. SG Americas Securities LLC’s holdings in EnerSys were worth $1,167,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, EnerSys presently has an average rating of “Moderate Buy” and an average price target of $118.00.

EnerSys Price Performance

Shares of ENS stock opened at $101.50 on Friday. The stock’s fifty day simple moving average is $98.59 and its 200 day simple moving average is $99.47. EnerSys has a one year low of $83.27 and a one year high of $112.53. The firm has a market cap of $4.08 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.62 and a beta of 1.23. 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 (NYSE:ENS) last posted its quarterly earnings data 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. The company had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.89 earnings per share. On average, analysts expect that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.24 per share. This is an increase from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.96 annualized dividend and a yield of 0.95%. EnerSys’s dividend payout ratio is currently 14.77%.

Insider Buying and Selling at EnerSys

In related news, CEO David M. Shaffer sold 2,400 shares of the firm’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 owns 244,140 shares in the company, valued at $24,414,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction 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 sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,700 shares of company stock worth $2,271,843. Insiders own 1.61% of the company’s stock.

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.