Global Alpha Capital Management Ltd. Purchases 6,764 Shares of EnerSys (NYSE:ENS)

Global Alpha Capital Management Ltd. increased its position in shares of EnerSys (NYSE:ENS - Free Report) by 32.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,361 shares of the industrial products company's stock after purchasing an additional 6,764 shares during the period. Global Alpha Capital Management Ltd. owned approximately 0.07% of EnerSys worth $2,792,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lingohr Asset Management GmbH purchased a new position in shares of EnerSys during the 3rd quarter worth $737,000. Chesapeake Capital Corp IL increased its stake in shares of EnerSys by 29.0% in the third quarter. Chesapeake Capital Corp IL now owns 3,349 shares of the industrial products company's stock worth $340,000 after buying an additional 752 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of EnerSys by 1.5% during the 3rd quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company's stock valued at $1,320,000 after acquiring an additional 185 shares in the last quarter. Peregrine Asset Advisers Inc. grew its holdings in shares of EnerSys by 2.0% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company's stock valued at $705,000 after purchasing an additional 137 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in EnerSys by 15.7% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 20,040 shares of the industrial products company's stock valued at $2,045,000 after purchasing an additional 2,718 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ENS. Roth Capital upgraded EnerSys to a "strong-buy" rating in a report on Tuesday, August 27th. 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. Finally, StockNews.com downgraded shares of EnerSys from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $118.00.

EnerSys Stock Up 0.2 %

Shares of NYSE:ENS traded up $0.15 during midday trading on Wednesday, reaching $94.26. 269,956 shares of the company were exchanged, compared to its average volume of 248,207. 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 market cap of $3.75 billion, a PE ratio of 13.33, a P/E/G ratio of 0.60 and a beta of 1.24. The stock has a fifty day simple moving average of $99.72 and a two-hundred day simple moving average of $101.09. EnerSys has a fifty-two week low of $86.41 and a fifty-two week high of $112.53.

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

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date is Friday, December 13th. EnerSys's payout ratio is 13.60%.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Joern Tinnemeyer sold 2,200 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 25,368 shares of the company's stock, valued at $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 sold 22,700 shares of company stock worth $2,271,843 over the last ninety days. 1.61% of the stock is owned by insiders.

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.