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Y Intercept Hong Kong Ltd Sells 8,478 Shares of EnerSys (NYSE:ENS)

EnerSys logo with Industrial Products background

Y Intercept Hong Kong Ltd trimmed its position in EnerSys (NYSE:ENS - Free Report) by 77.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,512 shares of the industrial products company's stock after selling 8,478 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in EnerSys were worth $256,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. State Street Corp raised its holdings in shares of EnerSys by 0.9% in the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock valued at $150,502,000 after acquiring an additional 13,524 shares in the last quarter. Earnest Partners LLC increased its position in shares of EnerSys by 1.9% in the second quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company's stock worth $120,978,000 after purchasing an additional 21,903 shares during the last quarter. AQR Capital Management LLC raised its stake in EnerSys by 17.2% in the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company's stock valued at $94,022,000 after purchasing an additional 133,211 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in EnerSys by 16.7% during the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company's stock valued at $66,919,000 after purchasing an additional 92,398 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in EnerSys by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company's stock worth $60,657,000 after buying an additional 9,337 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ENS shares. Roth Mkm restated a "buy" rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital raised EnerSys to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Two 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, the stock currently has a consensus rating of "Buy" and a consensus target price of $118.00.

Check Out Our Latest Report on ENS

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.61% of the company's stock.

EnerSys Trading Down 1.8 %

Shares of ENS stock traded down $1.65 on Thursday, hitting $92.51. 359,661 shares of the company's stock traded hands, compared to its average volume of 249,714. The stock has a market capitalization of $3.68 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 0.60 and a beta of 1.22. The company's fifty day simple moving average is $97.52 and its 200 day simple moving average is $100.28. EnerSys has a one year low of $86.41 and a one year high of $112.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97.

EnerSys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.07 by $0.05. The company had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. EnerSys's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. Equities analysts forecast that EnerSys will post 8.86 EPS for the current year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a yield of 1.04%. EnerSys's payout ratio is currently 13.60%.

About EnerSys

(Free Report)

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.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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