EnerSys (NYSE:ENS) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in EnerSys (NYSE:ENS) by 10.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,721 shares of the industrial products company’s stock after buying an additional 261 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in EnerSys were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ENS. American Century Companies Inc. grew its stake in EnerSys by 246.8% during 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 acquiring an additional 188,053 shares in the last quarter. Shellback Capital LP acquired a new position in shares of EnerSys during the 2nd quarter worth approximately $14,012,000. AQR Capital Management LLC grew its position 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 valued at $94,022,000 after purchasing an additional 133,211 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of EnerSys in the second quarter valued at approximately $10,765,000. Finally, Deprince Race & Zollo Inc. lifted its position in EnerSys by 16.7% during the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after buying an additional 92,398 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EnerSys

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 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 $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at $2,536,800. The trade was a 7.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ENS has been the subject of several analyst reports. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Price Performance

ENS stock opened at $96.13 on Monday. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The business has a fifty day moving average of $99.74 and a two-hundred day moving average of $101.06.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. During the same period last year, the company earned $1.84 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, research analysts anticipate that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is 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.