SG Americas Securities LLC Sells 7,177 Shares of EnerSys (NYSE:ENS)

SG Americas Securities LLC trimmed its position in EnerSys (NYSE:ENS - Free Report) by 38.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,435 shares of the industrial products company's stock after selling 7,177 shares during the quarter. SG Americas Securities LLC's holdings in EnerSys were worth $1,167,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Virtu Financial LLC bought a new stake in EnerSys during the fourth quarter valued at about $570,000. Goldman Sachs Group Inc. lifted its holdings in EnerSys by 2.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 168,726 shares of the industrial products company's stock worth $17,035,000 after purchasing an additional 3,538 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in EnerSys by 7.4% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 37,471 shares of the industrial products company's stock worth $3,783,000 after purchasing an additional 2,574 shares during the period. Quadrature Capital Ltd purchased a new stake in EnerSys during the 4th quarter valued at approximately $416,000. Finally, Moody National Bank Trust Division raised its position in shares of EnerSys by 9.7% during the first quarter. Moody National Bank Trust Division now owns 10,113 shares of the industrial products company's stock valued at $955,000 after buying an additional 896 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Price Performance

EnerSys stock traded up $1.59 during mid-day trading on Friday, reaching $103.08. 138,223 shares of the company's stock traded hands, compared to its average volume of 245,763. The stock has a 50 day moving average of $98.59 and a two-hundred day moving average of $99.47. EnerSys has a 12-month low of $83.27 and a 12-month high of $112.53. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 0.64 and a beta of 1.23.

EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings results 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. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. During the same quarter last year, the business posted $1.89 earnings per share. The firm's revenue was down 6.1% on a year-over-year basis. Equities analysts forecast that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The company also recently disclosed 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 annualized dividend and a yield of 0.93%. This is a positive change from EnerSys's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, September 16th. EnerSys's payout ratio is presently 14.52%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at EnerSys

In related news, VP Joern Tinnemeyer sold 2,200 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now directly owns 25,368 shares of the company's stock, valued at $2,536,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Chad C. Uplinger sold 500 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Joern Tinnemeyer sold 2,200 shares of the firm'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 completion of the transaction, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 over the last quarter. Insiders own 1.61% of the company's stock.

About EnerSys

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.