Truist Financial Corp Sells 18,873 Shares of EnerSys (NYSE:ENS)

Truist Financial Corp lessened its holdings in EnerSys (NYSE:ENS - Free Report) by 24.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,953 shares of the industrial products company's stock after selling 18,873 shares during the period. Truist Financial Corp owned 0.15% of EnerSys worth $6,103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Planning raised its position in shares of EnerSys by 60.4% in the second quarter. Creative Planning now owns 5,832 shares of the industrial products company's stock worth $604,000 after buying an additional 2,196 shares in the last quarter. Silver Lake Advisory LLC raised its position in EnerSys by 0.8% during the second quarter. Silver Lake Advisory LLC now owns 30,886 shares of the industrial products company's stock valued at $3,197,000 after purchasing an additional 260 shares in the last quarter. Algert Global LLC purchased a new stake in EnerSys during the second quarter valued at about $4,505,000. SkyView Investment Advisors LLC purchased a new stake in EnerSys during the second quarter valued at about $244,000. Finally, Shellback Capital LP purchased a new stake in EnerSys during the second quarter valued at about $14,012,000. Hedge funds and other institutional investors own 94.93% of the company's stock.

EnerSys Trading Up 0.5 %

Shares of ENS traded up $0.49 during trading hours on Monday, hitting $100.92. The company had a trading volume of 168,192 shares, compared to its average volume of 247,563. The firm has a market cap of $4.06 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.62 and a beta of 1.23. The stock's 50 day moving average price is $99.12 and its 200 day moving average price is $99.30. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. EnerSys has a 52-week low of $83.27 and a 52-week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. The firm had revenue of $852.90 million for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.89 earnings per share. On average, research analysts predict that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.24 dividend. The ex-dividend date was Monday, September 16th. This is a boost from EnerSys's previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 0.95%. EnerSys's dividend payout ratio (DPR) is presently 14.77%.

Analyst Ratings Changes

ENS has been the topic of a number of research reports. Roth Capital upgraded EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Roth Mkm restated a "buy" rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Finally, StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, EnerSys currently has a consensus rating of "Moderate Buy" and a consensus price target of $118.00.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 17,600 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the sale, the chief executive officer now directly owns 226,540 shares of the company's stock, valued at $22,672,123.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO David M. Shaffer sold 17,600 shares of the firm's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the sale, the chief executive officer now directly owns 226,540 shares of the company's stock, valued at $22,672,123.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock valued at $2,271,843 over the last ninety days. 1.61% of the stock is owned by insiders.

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.