EnerSys (NYSE:ENS) Stock Holdings Lowered by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its position in EnerSys (NYSE:ENS) by 1.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,904 shares of the industrial products company’s stock after selling 272 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in EnerSys were worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ENS. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of EnerSys in the second quarter valued at approximately $25,000. Covestor Ltd increased its position in EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. UMB Bank n.a. raised its stake in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of EnerSys in the second quarter worth $41,000. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Price Performance

Shares of EnerSys 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 current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The stock has a market cap of $3.83 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The company’s 50-day moving average price is $99.74 and its two-hundred day moving average price is $101.06.

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

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued 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 payout ratio is 13.60%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ENS shares. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Transactions at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction on Monday, August 26th. The shares were 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 of the company’s stock, valued at $24,414,000. The trade was a 0.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joern Tinnemeyer sold 2,200 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 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 approximately $2,536,800. This represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock valued at $2,271,843 over the last three months. Company insiders own 1.61% of the company’s stock.

EnerSys Company 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.