Janney Montgomery Scott LLC Purchases 5,909 Shares of EnerSys (NYSE:ENS)

Janney Montgomery Scott LLC lifted its position in EnerSys (NYSE:ENS - Free Report) by 60.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,626 shares of the industrial products company's stock after buying an additional 5,909 shares during the period. Janney Montgomery Scott LLC's holdings in EnerSys were worth $1,595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in EnerSys by 1.4% during 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 period. Janus Henderson Group PLC boosted its holdings 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 worth $123,412,000 after purchasing an additional 14,531 shares during the last quarter. Earnest Partners LLC grew its position 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 purchasing an additional 21,903 shares during the period. AQR Capital Management LLC raised 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 valued at $94,022,000 after buying an additional 133,211 shares during the last quarter. Finally, Deprince Race & Zollo Inc. lifted its holdings 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 buying an additional 92,398 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on ENS. StockNews.com lowered EnerSys from a "strong-buy" rating to a "buy" rating in a report on Tuesday, October 15th. Roth Capital upgraded EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, Roth Mkm reiterated a "buy" rating and issued a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

Insider Activity

In related news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. This trade represents a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Joern Tinnemeyer sold 2,200 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. This represents a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 in the last three months. Company insiders own 1.61% of the company's stock.

EnerSys Stock Performance

Shares of NYSE:ENS traded down $1.21 during midday trading on Friday, hitting $96.08. The company had a trading volume of 409,765 shares, compared to its average volume of 247,643. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The company has a fifty day moving average of $99.74 and a two-hundred day moving average of $100.89. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 13.78, a PEG 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.

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

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. EnerSys's dividend payout ratio (DPR) is presently 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.