EnerSys (NYSE:ENS) Shares Purchased by State Street Corp

State Street Corp grew its stake in shares of EnerSys (NYSE:ENS - Free Report) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,474,789 shares of the industrial products company's stock after purchasing an additional 13,524 shares during the quarter. State Street Corp owned 3.70% of EnerSys worth $150,502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ENS. UMB Bank n.a. lifted its position in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock worth $37,000 after acquiring an additional 94 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of EnerSys during the second quarter worth $41,000. Millburn Ridgefield Corp purchased a new position in shares of EnerSys in the third quarter valued at $88,000. CWM LLC grew its holdings in EnerSys by 198.8% during the 2nd quarter. CWM LLC now owns 995 shares of the industrial products company's stock valued at $103,000 after purchasing an additional 662 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new stake in EnerSys during the 3rd quarter worth $125,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares of the company's stock, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ENS has been the subject of a number of analyst reports. Roth Capital raised shares of EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Roth Mkm restated a "buy" rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Finally, StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $118.00.

EnerSys Stock Down 1.0 %

Shares of ENS traded down $0.99 during midday trading on Friday, hitting $93.26. The company had a trading volume of 265,329 shares, compared to its average volume of 247,536. The stock has a market cap of $3.71 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.60 and a beta of 1.22. The company's 50 day moving average price is $98.22 and its 200 day moving average price is $100.71. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (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 analysts' expectations 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 firm posted $1.84 earnings per share. On average, equities research analysts predict that EnerSys will post 8.86 EPS for the current year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. 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.