Legacy Capital Group California Inc. Sells 126 Shares of EnerSys (NYSE:ENS)

Legacy Capital Group California Inc. reduced its position in EnerSys (NYSE:ENS) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,493 shares of the industrial products company’s stock after selling 126 shares during the period. Legacy Capital Group California Inc.’s holdings in EnerSys were worth $356,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of EnerSys in the 2nd quarter worth $25,000. UMB Bank n.a. lifted its holdings in shares of 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 in the last quarter. Covestor Ltd lifted its holdings in shares of EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 264 shares in the last quarter. GAMMA Investing LLC lifted its stake in EnerSys by 141.8% during the 2nd 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 in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in EnerSys during the 2nd quarter valued at $41,000. 94.93% of the stock is currently owned by institutional investors.

EnerSys Trading Up 0.7 %

Shares of EnerSys stock opened at $99.41 on Friday. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53. The firm has a market cap of $4.00 billion, a PE ratio of 15.29, a P/E/G ratio of 0.64 and a beta of 1.23. The stock has a fifty day moving average price of $99.75 and a 200-day moving average price of $100.13. 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 announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. During the same period last year, the firm posted $1.89 EPS. The business’s revenue was down 6.1% compared to the same quarter last year. Equities research analysts anticipate that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. EnerSys’s dividend payout ratio (DPR) is currently 14.77%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ENS. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Mkm restated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Insider Buying and Selling

In related news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale 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 EnerSys 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 completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is owned by insiders.

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.