Swiss National Bank Sells 1,000 Shares of EnerSys (NYSE:ENS)

Swiss National Bank trimmed its holdings in EnerSys (NYSE:ENS) by 1.3% in the 3rd quarter, Holdings Channel reports. The fund owned 78,500 shares of the industrial products company’s stock after selling 1,000 shares during the quarter. Swiss National Bank’s holdings in EnerSys were worth $8,011,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ENS. DekaBank Deutsche Girozentrale increased its stake in shares of EnerSys by 2,444.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after purchasing an additional 45,881 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of EnerSys by 354.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after purchasing an additional 50,958 shares in the last quarter. Comerica Bank boosted its position in shares of EnerSys by 12.1% in the 1st quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock worth $5,367,000 after purchasing an additional 6,133 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of EnerSys by 832.0% in the 2nd quarter. SG Americas Securities LLC now owns 18,612 shares of the industrial products company’s stock worth $1,927,000 after purchasing an additional 16,615 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of EnerSys by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock worth $4,255,000 after purchasing an additional 5,682 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Stock Performance

ENS stock opened at $99.00 on Tuesday. The stock has a market capitalization of $3.94 billion, a PE ratio of 14.02, a price-to-earnings-growth 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 company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The stock’s 50 day simple moving average is $99.57 and its 200 day simple moving average is $101.12.

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

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. EnerSys’s dividend payout ratio is presently 13.60%.

Analyst Ratings Changes

ENS has been the topic of a number of analyst reports. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EnerSys presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Insider Buying and Selling at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the completion of the sale, the chief executive officer now directly owns 226,540 shares in the company, valued at approximately $22,672,123.20. The trade was a 7.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of the business’s 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 sale, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. This represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.