Assetmark Inc. Reduces Stake in EnerSys (NYSE:ENS)

Assetmark Inc. lessened its stake in EnerSys (NYSE:ENS) by 7.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,511 shares of the industrial products company’s stock after selling 522 shares during the period. Assetmark Inc.’s holdings in EnerSys were worth $664,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENS. UMB Bank n.a. raised its stake 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 last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of EnerSys by 2.9% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock valued at $422,000 after buying an additional 126 shares during the period. Aurora Investment Counsel grew its stake in EnerSys by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 139 shares in the last quarter. Azzad Asset Management Inc. ADV grew its position in shares of EnerSys by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 167 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in EnerSys by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 11,314 shares of the industrial products company’s stock valued at $1,171,000 after purchasing an additional 211 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

Shares of EnerSys stock opened at $96.08 on Friday. 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 business has a 50-day moving average price of $99.74 and a two-hundred day moving average price of $100.92. The company has a market cap of $3.83 billion, a P/E ratio of 13.61, a PEG ratio of 0.61 and a beta of 1.24. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53.

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

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, December 13th. EnerSys’s payout ratio is 13.60%.

Insider Buying and Selling

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ENS. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Capital raised EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys 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.