Allspring Global Investments Holdings LLC Trims Stock Holdings in EnerSys (NYSE:ENS)

Allspring Global Investments Holdings LLC decreased its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,274 shares of the industrial products company's stock after selling 5,217 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of EnerSys worth $3,617,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of EnerSys during the fourth quarter valued at about $47,000. Millburn Ridgefield Corp bought a new stake in EnerSys in the 3rd quarter valued at about $88,000. Point72 Asset Management L.P. acquired a new position in EnerSys during the 3rd quarter worth approximately $125,000. CWM LLC boosted its holdings in EnerSys by 48.6% in the third quarter. CWM LLC now owns 1,479 shares of the industrial products company's stock worth $151,000 after acquiring an additional 484 shares in the last quarter. Finally, KBC Group NV grew its stake in EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after acquiring an additional 727 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Insider Buying and Selling at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the business's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now owns 206,724 shares of the company's stock, valued at approximately $20,674,467.24. The trade was a 8.82 % 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. Company insiders own 1.61% of the company's stock.

EnerSys Stock Down 0.6 %

Shares of ENS stock traded down $0.61 during trading hours on Friday, reaching $102.08. The company had a trading volume of 371,108 shares, compared to its average volume of 293,900. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. EnerSys has a 12 month low of $88.50 and a 12 month high of $112.53. The business has a fifty day simple moving average of $95.75 and a 200-day simple moving average of $97.41.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, research analysts expect that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, March 14th. EnerSys's payout ratio is 11.88%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ENS. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, EnerSys currently has a consensus rating of "Buy" and a consensus price target of $117.50.

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.