EnerSys (NYSE:ENS) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its position in shares of EnerSys (NYSE:ENS - Free Report) by 52.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,274 shares of the industrial products company's stock after selling 5,746 shares during the period. Cornercap Investment Counsel Inc.'s holdings in EnerSys were worth $538,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in EnerSys by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company's stock valued at $415,262,000 after acquiring an additional 60,021 shares during the last quarter. Janus Henderson Group PLC increased its stake in EnerSys by 1.1% in the first quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company's stock valued at $123,412,000 after purchasing an additional 14,531 shares during the last quarter. Earnest Partners LLC boosted its stake in EnerSys by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company's stock worth $120,978,000 after buying an additional 21,903 shares during the last quarter. AQR Capital Management LLC grew its holdings in EnerSys by 17.2% in the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company's stock valued at $94,022,000 after buying an additional 133,211 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in shares of EnerSys by 16.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company's stock valued at $66,919,000 after acquiring an additional 92,398 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Insider Buying and Selling

In other news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company's stock, valued at approximately $24,414,000. The trade was a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the transaction, the insider now directly owns 17,175 shares of the company's stock, valued at $1,732,442.25. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,700 shares of company stock valued at $2,271,843. Corporate insiders own 1.61% of the company's stock.

Wall Street Analysts Forecast Growth

ENS has been the topic of several research analyst reports. StockNews.com cut shares of EnerSys from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 15th. Roth Mkm reissued a "buy" rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

EnerSys Trading Down 1.2 %

ENS stock traded down $1.16 during midday trading on Friday, reaching $96.13. 409,771 shares of the company's stock traded hands, compared to its average volume of 274,213. EnerSys has a fifty-two week low of $86.41 and a fifty-two week high of $112.53. The business has a 50-day moving average price of $99.74 and a two-hundred day moving average price of $101.06. The company has a market capitalization of $3.83 billion, a P/E ratio of 13.62, a PEG ratio of 0.60 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.

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, topping analysts' consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million during the quarter, compared to analysts' expectations of $891.78 million. During the same period in the prior year, the company earned $1.84 EPS. The firm's revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. EnerSys's payout ratio is currently 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.