New South Capital Management Inc. Sells 8,495 Shares of EnerSys (NYSE:ENS)

New South Capital Management Inc. trimmed its position in shares of EnerSys (NYSE:ENS - Free Report) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 553,052 shares of the industrial products company's stock after selling 8,495 shares during the quarter. EnerSys accounts for approximately 2.3% of New South Capital Management Inc.'s portfolio, making the stock its 15th largest holding. New South Capital Management Inc. owned about 1.37% of EnerSys worth $56,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of EnerSys during the 2nd quarter worth about $25,000. Covestor Ltd increased its position in EnerSys by 231.6% during the first quarter. Covestor Ltd now owns 378 shares of the industrial products company's stock worth $36,000 after buying an additional 264 shares during the last quarter. UMB Bank n.a. lifted its position in shares of EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock worth $37,000 after buying an additional 94 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company's stock worth $40,000 after purchasing an additional 224 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in EnerSys in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

Insider Activity

In other news, CEO David M. Shaffer sold 2,400 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now directly owns 244,140 shares in the company, valued at approximately $24,414,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Chad C. Uplinger sold 500 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares of the company's stock, valued at $1,732,442.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares of the company's stock, valued at approximately $24,414,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ENS shares. Roth Capital raised EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Roth Mkm reiterated a "buy" rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Finally, StockNews.com cut 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 issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $118.00.

EnerSys Trading Down 1.2 %

Shares of ENS stock traded down $1.18 during mid-day trading on Tuesday, reaching $98.94. The stock had a trading volume of 317,583 shares, compared to its average volume of 246,581. EnerSys has a 52-week low of $84.41 and a 52-week high of $112.53. The company has a current ratio of 2.97, a quick ratio of 1.66 and a debt-to-equity ratio of 0.65. The stock's 50-day moving average price is $99.76 and its two-hundred day moving average price is $100.88. The firm has a market capitalization of $3.94 billion, a PE ratio of 14.18, 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, beating the consensus estimate of $2.07 by $0.05. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. EnerSys's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.84 earnings per share. Equities analysts expect that EnerSys will post 8.88 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys's payout ratio is presently 13.60%.

EnerSys Company 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.