Van ECK Associates Corp Buys 457 Shares of EnerSys (NYSE:ENS)

Van ECK Associates Corp boosted its holdings in EnerSys (NYSE:ENS) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,582 shares of the industrial products company’s stock after purchasing an additional 457 shares during the period. Van ECK Associates Corp’s holdings in EnerSys were worth $1,049,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its stake in EnerSys by 60.8% in the third quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company’s stock worth $1,595,000 after purchasing an additional 5,909 shares during the last quarter. US Bancorp DE increased its position in shares of EnerSys by 8.6% in the third quarter. US Bancorp DE now owns 5,990 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 473 shares during the period. Smith Group Asset Management LLC increased its position in shares of EnerSys by 25.0% in the third quarter. Smith Group Asset Management LLC now owns 4,638 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 929 shares during the period. State of Alaska Department of Revenue increased its position in shares of EnerSys by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 4,679 shares of the industrial products company’s stock valued at $477,000 after acquiring an additional 315 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of EnerSys by 273.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,742 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 7,134 shares during the period. 94.93% of the stock is owned by institutional investors.

EnerSys Price Performance

Shares of NYSE ENS opened at $100.11 on Tuesday. EnerSys has a 1 year low of $84.41 and a 1 year high of $112.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.66. The company’s 50-day moving average is $99.76 and its 200 day moving average is $100.88. The stock has a market capitalization of $3.99 billion, a P/E ratio of 14.18, a P/E/G ratio of 0.61 and a beta of 1.24.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $883.70 million for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $1.84 earnings per share. On average, sell-side analysts expect that EnerSys will post 8.88 earnings per share for the current year.

EnerSys Dividend Announcement

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

Insider Buying and Selling

In related news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now owns 25,368 shares in the company, valued at $2,536,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now owns 25,368 shares in the company, valued at $2,536,800. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 in the last 90 days. Insiders own 1.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ENS. Roth Mkm restated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

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.