New England Research & Management Inc. trimmed its holdings in EnerSys (NYSE:ENS - Free Report) by 48.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,125 shares of the industrial products company's stock after selling 3,850 shares during the period. New England Research & Management Inc.'s holdings in EnerSys were worth $381,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of ENS. R Squared Ltd bought a new stake in EnerSys in the fourth quarter worth $47,000. Millburn Ridgefield Corp bought a new stake in shares of EnerSys during the 3rd quarter worth about $88,000. Point72 Asset Management L.P. acquired a new position in shares of EnerSys during the 3rd quarter valued at about $125,000. CWM LLC raised its stake in shares of EnerSys by 48.6% in the 3rd quarter. CWM LLC now owns 1,479 shares of the industrial products company's stock valued at $151,000 after acquiring an additional 484 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in EnerSys in the 3rd quarter worth approximately $184,000. Institutional investors and hedge funds own 94.93% of the company's stock.
Insider Transactions at EnerSys
In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the firm's stock in a transaction dated 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 $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.61% of the stock is owned by insiders.
EnerSys Stock Performance
Shares of ENS stock traded up $1.58 during trading hours on Thursday, reaching $98.73. 65,941 shares of the company's stock were exchanged, compared to its average volume of 262,932. EnerSys has a fifty-two week low of $86.41 and a fifty-two 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 stock has a market capitalization of $3.93 billion, a P/E ratio of 14.00, a P/E/G ratio of 0.56 and a beta of 1.22. The business has a fifty day moving average price of $94.90 and a 200-day moving average price of $98.31.
EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. The company 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 business's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.84 EPS. Analysts predict that EnerSys will post 9.83 EPS for the current fiscal year.
EnerSys Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, December 13th. EnerSys's dividend payout ratio is 13.60%.
Analysts Set New Price Targets
Several equities analysts have commented on ENS shares. Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target 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, the stock currently has a consensus rating of "Buy" and a consensus target price of $117.50.
Get Our Latest Analysis on ENS
EnerSys Profile
(
Free Report)
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.
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