Millennium Management LLC Decreases Position in EnerSys (NYSE:ENS)

Millennium Management LLC decreased its position in shares of EnerSys (NYSE:ENS - Free Report) by 73.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,545 shares of the industrial products company's stock after selling 297,251 shares during the quarter. Millennium Management LLC owned approximately 0.26% of EnerSys worth $11,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys in the second quarter valued at $25,000. Covestor Ltd boosted its holdings in 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 acquiring an additional 264 shares during the last quarter. UMB Bank n.a. increased its position in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company's stock valued at $37,000 after purchasing an additional 94 shares during the period. GAMMA Investing LLC raised its holdings in 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 shares of EnerSys in the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 94.93% of the company's stock.

Insiders Place Their Bets

In other news, VP Joern Tinnemeyer sold 2,200 shares of the business's stock in a transaction dated 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 sale, the vice president now directly owns 25,368 shares of the company's stock, valued at $2,536,800. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO David M. Shaffer sold 2,400 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at $24,414,000. 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 at this link. Also, VP Joern Tinnemeyer sold 2,200 shares of the business's stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the transaction, the vice president now owns 25,368 shares in the company, valued at approximately $2,536,800. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,700 shares of company stock worth $2,271,843. Insiders own 1.61% of the company's stock.

EnerSys Stock Down 0.1 %

Shares of NYSE ENS traded down $0.10 during trading on Tuesday, hitting $100.74. 136,412 shares of the company traded hands, compared to its average volume of 246,989. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 0.62 and a beta of 1.23. The business's fifty day moving average is $98.81 and its 200 day moving average is $99.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53.

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

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from EnerSys's previous quarterly dividend of $0.23. EnerSys's payout ratio is 14.77%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ENS. Roth Capital raised shares of EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, Roth Mkm reaffirmed a "buy" rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $118.00.

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.