Pitcairn Co. Sells 2,093 Shares of EnerSys (NYSE:ENS)

Pitcairn Co. cut its position in EnerSys (NYSE:ENS) by 33.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,094 shares of the industrial products company’s stock after selling 2,093 shares during the period. Pitcairn Co.’s holdings in EnerSys were worth $418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale lifted its holdings in 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 during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of EnerSys by 354.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock valued at $6,764,000 after buying an additional 50,958 shares in the last quarter. Comerica Bank boosted its holdings in 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 buying an additional 6,133 shares during the period. SG Americas Securities LLC grew its stake in EnerSys by 832.0% in the 2nd quarter. SG Americas Securities LLC now owns 18,612 shares of the industrial products company’s stock valued at $1,927,000 after buying an additional 16,615 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in EnerSys by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock valued at $4,255,000 after acquiring an additional 5,682 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ENS shares. Roth Mkm reiterated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, EnerSys presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

Insider Activity at EnerSys

In other news, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now directly owns 226,540 shares in the company, valued at approximately $22,672,123.20. This represents a 7.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction that occurred 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 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 position. The disclosure for this sale can be found here. 1.61% of the stock is currently owned by insiders.

EnerSys Stock Down 2.1 %

ENS opened at $96.89 on Wednesday. The firm has a market capitalization of $3.86 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24. EnerSys has a one year low of $86.41 and a one year high of $112.53. The company has a fifty day moving average price of $99.57 and a 200-day moving average price of $101.12. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. The business had revenue of $883.70 million during 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 revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 earnings per share. Equities research analysts expect that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is 13.60%.

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.