EnerSys (NYSE:ENS) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its holdings in EnerSys (NYSE:ENS - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,250 shares of the industrial products company's stock after selling 9,340 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.10% of EnerSys worth $4,312,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of EnerSys in the 2nd quarter worth $25,000. UMB Bank n.a. increased its holdings in shares of EnerSys by 36.2% during the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. Covestor Ltd raised its position in shares of EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company's stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. GAMMA Investing LLC boosted its stake in EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company's stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys during the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Insider Buying and Selling

In other news, VP Joern Tinnemeyer sold 2,200 shares of the firm's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares of the company's stock, valued at approximately $2,536,800. This trade represents a 7.98 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Chad C. Uplinger sold 500 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the sale, the insider now directly owns 17,175 shares of the company's stock, valued at approximately $1,732,442.25. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 in the last 90 days. Insiders own 1.61% of the company's stock.

EnerSys Stock Performance

Shares of ENS traded up $2.48 during trading hours on Friday, hitting $97.52. The stock had a trading volume of 308,799 shares, compared to its average volume of 303,295. EnerSys has a fifty-two week low of $86.41 and a fifty-two week 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. The firm has a 50-day moving average price of $99.59 and a 200 day moving average price of $101.10. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 13.81, a PEG ratio of 0.60 and a beta of 1.24.

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. The firm had revenue of $883.70 million during 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 previous year, the business earned $1.84 EPS. As a group, research analysts anticipate that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

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

Wall Street Analyst Weigh In

ENS has been the subject of several research reports. 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 shares of EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Finally, Roth Mkm reaffirmed a "buy" rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Two 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's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $118.00.

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.