Tributary Capital Management LLC Has $22.16 Million Stake in EnerSys (NYSE:ENS)

Tributary Capital Management LLC raised its stake in EnerSys (NYSE:ENS - Free Report) by 25.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 239,765 shares of the industrial products company's stock after purchasing an additional 49,392 shares during the period. EnerSys makes up approximately 1.7% of Tributary Capital Management LLC's holdings, making the stock its 23rd biggest position. Tributary Capital Management LLC owned 0.60% of EnerSys worth $22,161,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Global Alpha Capital Management Ltd. increased its holdings in EnerSys by 32.8% in the 3rd quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company's stock valued at $2,792,000 after buying an additional 6,764 shares during the period. Foundry Partners LLC acquired a new stake in EnerSys in the 3rd quarter valued at $4,740,000. Citigroup Inc. grew its position in EnerSys by 99.2% in the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company's stock valued at $4,942,000 after acquiring an additional 24,123 shares during the period. Janney Montgomery Scott LLC raised its stake in EnerSys by 60.8% during the third quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company's stock worth $1,595,000 after acquiring an additional 5,909 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of EnerSys by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company's stock valued at $60,657,000 after acquiring an additional 9,337 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

EnerSys Price Performance

NYSE ENS traded down $0.68 on Friday, hitting $99.55. 173,842 shares of the company were exchanged, compared to its average volume of 230,841. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.96 billion, a P/E ratio of 14.10, a P/E/G ratio of 0.56 and a beta of 1.22. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. The firm has a 50 day moving average of $94.75 and a two-hundred day moving average of $98.45.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.07 by $0.05. The company had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. EnerSys's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.84 earnings per share. On average, equities analysts predict that EnerSys will post 9.83 EPS for the current year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.96%. EnerSys's payout ratio is currently 13.60%.

Insider Activity

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.61% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ENS shares. Oppenheimer upgraded shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a research report on Friday, January 17th. StockNews.com raised shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $117.50.

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.