New York State Teachers Retirement System Sells 6,300 Shares of EnerSys (NYSE:ENS)

New York State Teachers Retirement System cut its position in shares of EnerSys (NYSE:ENS - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 50,621 shares of the industrial products company's stock after selling 6,300 shares during the quarter. New York State Teachers Retirement System owned 0.13% of EnerSys worth $4,679,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Global Alpha Capital Management Ltd. increased its position in shares of EnerSys by 32.8% during the 3rd quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company's stock valued at $2,792,000 after purchasing an additional 6,764 shares during the period. Foundry Partners LLC acquired a new position in shares of EnerSys during the 3rd quarter valued at $4,740,000. Citigroup Inc. increased its position in shares of EnerSys by 99.2% during the 3rd quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company's stock valued at $4,942,000 after purchasing an additional 24,123 shares during the period. Janney Montgomery Scott LLC increased its position in shares of EnerSys by 60.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company's stock valued at $1,595,000 after purchasing an additional 5,909 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of EnerSys by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company's stock valued at $60,657,000 after purchasing an additional 9,337 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.61% of the stock is currently owned by insiders.

EnerSys Stock Down 0.6 %

Shares of EnerSys stock traded down $0.61 during midday trading on Friday, hitting $102.08. The company's stock had a trading volume of 371,108 shares, compared to its average volume of 293,900. The firm has a market capitalization of $4.03 billion, a P/E ratio of 12.63, a PEG ratio of 0.56 and a beta of 1.22. The stock has a 50-day simple moving average of $95.75 and a 200-day simple moving average of $97.41. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. EnerSys has a 1-year low of $88.50 and a 1-year high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, sell-side analysts expect that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be given a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. EnerSys's dividend payout ratio (DPR) is presently 11.88%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ENS shares. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $117.50.

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.