Carmel Capital Management L.L.C. Reduces Stake in EnerSys (NYSE:ENS)

Carmel Capital Management L.L.C. reduced its position in shares of EnerSys (NYSE:ENS - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,045 shares of the industrial products company's stock after selling 3,400 shares during the quarter. EnerSys accounts for about 1.6% of Carmel Capital Management L.L.C.'s investment portfolio, making the stock its 22nd biggest holding. Carmel Capital Management L.L.C. owned 0.11% of EnerSys worth $4,164,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ENS. State Street Corp grew its stake in shares of EnerSys by 0.9% in the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock worth $150,502,000 after acquiring an additional 13,524 shares during the period. 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. Geode Capital Management LLC raised its stake in EnerSys by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company's stock valued at $96,584,000 after buying an additional 11,384 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of 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 period. Finally, Deprince Race & Zollo Inc. boosted its stake in shares of EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company's stock worth $66,919,000 after buying an additional 92,398 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Stock Performance

NYSE:ENS traded down $0.98 during mid-day trading on Friday, hitting $99.25. 53,149 shares of the company traded hands, compared to its average volume of 271,924. The stock's fifty day moving average price is $94.68 and its 200-day moving average price is $98.46. 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 one year low of $86.41 and a one year high of $112.53. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22.

EnerSys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS 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 company had revenue of $883.70 million for the quarter, compared to analysts' expectations of $891.78 million. During the same quarter last year, the business earned $1.84 EPS. The firm's revenue was down 1.9% compared to the same quarter last year. Research analysts anticipate that EnerSys will post 9.83 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a $0.24 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 0.97%. EnerSys's payout ratio is presently 13.60%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a report on Friday, January 17th. StockNews.com upgraded shares of EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $117.50.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.61% of the company's stock.

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.