New York State Teachers Retirement System Has $5.81 Million Position in EnerSys (NYSE:ENS)

New York State Teachers Retirement System trimmed its stake in EnerSys (NYSE:ENS) by 2.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,921 shares of the industrial products company’s stock after selling 1,325 shares during the quarter. New York State Teachers Retirement System’s holdings in EnerSys were worth $5,809,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smith Group Asset Management LLC boosted its position in shares of EnerSys by 25.0% during the 3rd quarter. Smith Group Asset Management LLC now owns 4,638 shares of the industrial products company’s stock worth $473,000 after purchasing an additional 929 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in EnerSys by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 4,679 shares of the industrial products company’s stock worth $477,000 after acquiring an additional 315 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in EnerSys by 273.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,742 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 7,134 shares during the period. Net Worth Advisory Group bought a new stake in shares of EnerSys during the third quarter valued at approximately $281,000. Finally, AlphaMark Advisors LLC acquired a new position in shares of EnerSys during the third quarter worth approximately $342,000. 94.93% of the stock is owned by institutional investors.

Insider Activity at EnerSys

In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other EnerSys news, CEO David M. Shaffer sold 17,600 shares of EnerSys stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the sale, the chief executive officer now owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 17,175 shares of the company’s stock, valued at $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

EnerSys Stock Performance

Shares of ENS stock opened at $99.09 on Wednesday. EnerSys has a one year low of $83.27 and a one year high of $112.53. The company has a market cap of $3.99 billion, a P/E ratio of 14.99, a P/E/G ratio of 0.61 and a beta of 1.24. The firm has a 50-day moving average of $99.89 and a 200-day moving average of $100.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. The firm had revenue of $852.90 million for the quarter, compared to analysts’ expectations of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.89 EPS. Equities research analysts forecast that EnerSys will post 8.93 EPS for the current fiscal year.

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.