EnerSys (NYSE:ENS) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its stake in EnerSys (NYSE:ENS - Free Report) by 79.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,215 shares of the industrial products company's stock after selling 77,311 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.05% of EnerSys worth $2,093,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in ENS. Thurston Springer Miller Herd & Titak Inc. purchased a new position in EnerSys in the 2nd quarter valued at $25,000. Covestor Ltd raised its position in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company's stock valued at $36,000 after buying an additional 264 shares during the last quarter. UMB Bank n.a. lifted its stake 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 in the last quarter. GAMMA Investing LLC boosted its position in EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company's stock worth $40,000 after acquiring an additional 224 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys during the 2nd quarter valued at about $41,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Roth Capital raised EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a report on Tuesday, September 24th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $118.00.

EnerSys Trading Down 2.2 %

Shares of ENS stock traded down $2.29 during trading on Tuesday, hitting $99.76. 177,964 shares of the stock traded hands, compared to its average volume of 249,358. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53. The firm has a market capitalization of $4.01 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The firm's fifty day moving average price is $99.89 and its 200-day moving average price is $99.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.97 by $0.01. The business had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company's quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.89 EPS. As a group, research analysts forecast that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Monday, September 16th. This is a boost from EnerSys's previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.96%. EnerSys's dividend payout ratio (DPR) is currently 14.77%.

Insider Activity

In related news, VP Joern Tinnemeyer sold 2,200 shares of the 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 $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares of the company's stock, valued at approximately $2,536,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction dated 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 transaction, the vice president now directly owns 25,368 shares of the company's stock, valued at approximately $2,536,800. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares in the company, valued at approximately $24,414,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,700 shares of company stock valued at $2,271,843. Company insiders own 1.61% of the company's stock.

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.