Tidal Investments LLC Sells 6,309 Shares of EnerSys (NYSE:ENS)

Tidal Investments LLC trimmed its stake in shares of EnerSys (NYSE:ENS - Free Report) by 31.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 13,714 shares of the industrial products company's stock after selling 6,309 shares during the quarter. Tidal Investments LLC's holdings in EnerSys were worth $1,400,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ENS. State Street Corp increased its stake in EnerSys by 0.9% in the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock valued at $150,502,000 after acquiring an additional 13,524 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of EnerSys by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company's stock valued at $120,978,000 after purchasing an additional 21,903 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of EnerSys by 1.2% in 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 purchasing an additional 11,384 shares during the last quarter. AQR Capital Management LLC raised 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 worth $94,022,000 after buying an additional 133,211 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its position 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 worth $66,919,000 after buying an additional 92,398 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the firm's 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 completion of the transaction, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.61% of the stock is currently owned by company insiders.

EnerSys Price Performance

ENS stock traded down $1.65 during midday trading on Thursday, reaching $92.51. 359,661 shares of the stock were exchanged, compared to its average volume of 249,714. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The company has a fifty day moving average price of $97.52 and a 200 day moving average price of $100.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a market capitalization of $3.68 billion, a PE ratio of 13.10, a P/E/G ratio of 0.60 and a beta of 1.22.

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

EnerSys Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors 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 annualized dividend and a dividend yield of 1.04%. EnerSys's dividend payout ratio is 13.60%.

Analysts Set New Price Targets

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