Erste Asset Management GmbH Makes New $9.44 Million Investment in EnerSys (NYSE:ENS)

Erste Asset Management GmbH purchased a new stake in shares of EnerSys (NYSE:ENS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 92,905 shares of the industrial products company's stock, valued at approximately $9,438,000. Erste Asset Management GmbH owned approximately 0.23% of EnerSys at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in shares of EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock valued at $37,000 after acquiring an additional 94 shares during the last quarter. Peregrine Asset Advisers Inc. boosted its holdings in EnerSys by 2.0% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company's stock worth $705,000 after buying an additional 137 shares in the last quarter. Aurora Investment Counsel boosted its holdings in EnerSys by 0.7% during the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company's stock worth $2,064,000 after buying an additional 139 shares in the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of EnerSys by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company's stock valued at $744,000 after buying an additional 167 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of EnerSys by 1.5% in the third quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company's stock valued at $1,320,000 after buying an additional 185 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

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

EnerSys Price Performance

Shares of EnerSys stock traded up $1.21 on Monday, hitting $97.87. The company's stock had a trading volume of 69,321 shares, compared to its average volume of 247,350. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $99.15 and a 200-day moving average price of $101.09. The company has a market capitalization of $3.90 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24.

EnerSys (NYSE:ENS - Get Free Report) last released 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. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The business had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. During the same period in the previous year, the firm earned $1.84 EPS. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently announced 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. This represents a $0.96 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys's payout ratio is 13.60%.

Insider Activity 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 document filed with the SEC, which is available at this hyperlink. 1.61% of the stock is currently owned by corporate insiders.

About EnerSys

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.