Allspring Global Investments Holdings LLC Lowers Position in EnerSys (NYSE:ENS)

Allspring Global Investments Holdings LLC cut its holdings in EnerSys (NYSE:ENS - Free Report) by 28.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,491 shares of the industrial products company's stock after selling 18,113 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of EnerSys worth $4,540,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Net Worth Advisory Group acquired a new position in EnerSys in the third quarter valued at approximately $281,000. AlphaMark Advisors LLC acquired a new position in shares of EnerSys during the third quarter worth approximately $342,000. nVerses Capital LLC acquired a new position in shares of EnerSys during the third quarter worth approximately $184,000. Inspire Investing LLC raised its position in shares of EnerSys by 19.2% during the third quarter. Inspire Investing LLC now owns 4,050 shares of the industrial products company's stock worth $413,000 after purchasing an additional 652 shares during the period. Finally, CWM LLC raised its position in shares of EnerSys by 48.6% during the third quarter. CWM LLC now owns 1,479 shares of the industrial products company's stock worth $151,000 after purchasing an additional 484 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at EnerSys

In other news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the transaction, the insider now owns 17,175 shares in the company, valued at $1,732,442.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by company insiders.

EnerSys Stock Performance

NYSE:ENS traded down $1.12 during trading on Tuesday, reaching $99.66. The company's stock had a trading volume of 221,383 shares, compared to its average volume of 242,167. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 0.62 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The firm has a 50 day moving average of $99.93 and a 200-day moving average of $100.38. EnerSys has a 12 month low of $83.27 and a 12 month 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 the consensus estimate of $1.97 by $0.01. The company had revenue of $852.90 million during 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 firm's quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.89 EPS. Research analysts expect that EnerSys will post 8.93 EPS for the current fiscal year.

EnerSys Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on ENS. StockNews.com lowered EnerSys from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 15th. Roth Capital raised EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. Finally, Roth Mkm reissued a "buy" rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, EnerSys currently has a consensus rating of "Moderate Buy" and an average 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.