Kestra Investment Management LLC Makes New Investment in EnerSys (NYSE:ENS)

Kestra Investment Management LLC bought a new position in EnerSys (NYSE:ENS - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,746 shares of the industrial products company's stock, valued at approximately $586,000.

Several other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its position in shares of EnerSys by 14.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company's stock worth $4,255,000 after purchasing an additional 5,682 shares during the period. Comerica Bank lifted its position in EnerSys by 12.1% in the 1st quarter. Comerica Bank now owns 56,822 shares of the industrial products company's stock valued at $5,367,000 after acquiring an additional 6,133 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of 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 buying an additional 45,881 shares during the last quarter. GAMMA Investing LLC lifted its stake in EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of EnerSys during the second quarter valued at about $25,000. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ENS. StockNews.com downgraded EnerSys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 15th. Roth Mkm reissued a "buy" rating and set a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Finally, Roth Capital raised shares of EnerSys to a "strong-buy" rating in a report on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, EnerSys presently has an average rating of "Moderate Buy" and an average price target of $118.00.

EnerSys Stock Performance

NYSE:ENS traded up $1.54 on Monday, reaching $98.20. 76,565 shares of the company's stock were exchanged, compared to its average volume of 247,416. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 0.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a fifty day simple moving average of $99.15 and a 200-day simple moving average of $101.09. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million for the quarter, compared to analysts' expectations of $891.78 million. During the same period in the prior year, the business posted $1.84 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 0.98%. EnerSys's dividend payout ratio is currently 13.60%.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.61% of the company's stock.

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.