Crossmark Global Holdings Inc. Increases Position in EnerSys (NYSE:ENS)

Crossmark Global Holdings Inc. increased its position in EnerSys (NYSE:ENS) by 10.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,721 shares of the industrial products company’s stock after acquiring an additional 261 shares during the period. Crossmark Global Holdings Inc.’s holdings in EnerSys were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of EnerSys by 246.8% in the second quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock valued at $27,355,000 after purchasing an additional 188,053 shares during the period. Shellback Capital LP purchased a new position in EnerSys during the 2nd quarter worth approximately $14,012,000. AQR Capital Management LLC raised its position in EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after buying an additional 133,211 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in EnerSys during the 2nd quarter valued at approximately $10,765,000. Finally, Deprince Race & Zollo Inc. boosted its holdings in shares of EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after acquiring an additional 92,398 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction dated 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 $1,732,442.25. The trade was a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO David M. Shaffer sold 2,400 shares of the company’s 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 transaction, the chief executive officer now owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This trade represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock valued at $2,271,843 in the last three months. 1.61% of the stock is currently owned by company insiders.

EnerSys Stock Down 1.2 %

ENS stock opened at $96.13 on Monday. EnerSys has a one year low of $86.41 and a one year high of $112.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. The firm’s fifty day moving average is $99.74 and its 200 day moving average is $101.06. The firm has a market cap of $3.83 billion, a PE ratio of 13.62, a P/E/G ratio of 0.60 and a beta of 1.24.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $891.78 million. During the same period in the prior year, the company posted $1.84 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, research analysts forecast that EnerSys will post 8.86 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given 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 is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Analyst Upgrades and Downgrades

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

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.