Jane Street Group LLC Lowers Stock Holdings in EnerSys (NYSE:ENS)

Jane Street Group LLC decreased its position in EnerSys (NYSE:ENS - Free Report) by 64.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,576 shares of the industrial products company's stock after selling 48,889 shares during the quarter. Jane Street Group LLC owned 0.07% of EnerSys worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of ENS. UMB Bank n.a. boosted its holdings in EnerSys by 36.2% during 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 period. Canada Pension Plan Investment Board purchased a new stake in shares of EnerSys in the second quarter worth $41,000. Millburn Ridgefield Corp purchased a new stake in EnerSys during the 3rd quarter valued at about $88,000. Point72 Asset Management L.P. bought a new stake in shares of EnerSys during the third quarter valued at approximately $125,000. Finally, Innealta Capital LLC bought a new stake in shares of EnerSys in the 2nd quarter worth $131,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now owns 206,724 shares of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. 1.61% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

EnerSys Trading Down 0.1 %

EnerSys stock opened at $92.46 on Friday. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The company has a market cap of $3.68 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.60 and a beta of 1.22. 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 business has a 50-day simple moving average of $97.31 and a two-hundred day simple moving average of $100.18.

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

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a yield of 1.04%. EnerSys's dividend payout ratio (DPR) is presently 13.60%.

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.