Citigroup Inc. Grows Holdings in EnerSys (NYSE:ENS)

Citigroup Inc. raised its holdings in EnerSys (NYSE:ENS - Free Report) by 99.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,429 shares of the industrial products company's stock after purchasing an additional 24,123 shares during the quarter. Citigroup Inc. owned 0.12% of EnerSys worth $4,942,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ENS. American Century Companies Inc. increased its holdings in EnerSys by 246.8% in the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company's stock valued at $27,355,000 after purchasing an additional 188,053 shares during the last quarter. Shellback Capital LP purchased a new stake in shares of EnerSys in the 2nd quarter valued at $14,012,000. AQR Capital Management LLC lifted its stake in EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company's stock worth $94,022,000 after acquiring an additional 133,211 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of EnerSys during the second quarter worth about $10,765,000. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of EnerSys by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company's stock valued at $66,919,000 after purchasing an additional 92,398 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of EnerSys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 15th. Roth Capital upgraded EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, Roth Mkm restated a "buy" rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Two investment 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. Based on data from MarketBeat.com, EnerSys currently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.61% of the stock is currently owned by insiders.

EnerSys Stock Down 1.2 %

Shares of NYSE:ENS traded down $1.18 during trading hours on Tuesday, reaching $96.48. The stock had a trading volume of 162,680 shares, compared to its average volume of 248,054. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 13.67, a P/E/G ratio of 0.61 and a beta of 1.22. The firm's 50 day moving average is $99.12 and its 200-day moving average is $101.09. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97.

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

EnerSys Announces Dividend

The firm also recently declared 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 yield of 1.00%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys's dividend payout ratio (DPR) is 13.60%.

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.