Intech Investment Management LLC Purchases 3,287 Shares of EnerSys (NYSE:ENS)

Intech Investment Management LLC boosted its position in EnerSys (NYSE:ENS) by 37.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,123 shares of the industrial products company’s stock after acquiring an additional 3,287 shares during the period. Intech Investment Management LLC’s holdings in EnerSys were worth $1,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quadrature Capital Ltd boosted its holdings in EnerSys by 47.3% in the 1st quarter. Quadrature Capital Ltd now owns 6,072 shares of the industrial products company’s stock worth $574,000 after buying an additional 1,949 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of EnerSys by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock worth $4,255,000 after acquiring an additional 5,682 shares during the period. Comerica Bank grew its position in shares of EnerSys by 12.1% in the first quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock valued at $5,367,000 after purchasing an additional 6,133 shares in the last quarter. Aurora Investment Counsel raised its stake in shares of EnerSys by 7.3% during the 1st quarter. Aurora Investment Counsel now owns 19,797 shares of the industrial products company’s stock valued at $1,870,000 after purchasing an additional 1,339 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in EnerSys by 2,444.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock worth $4,488,000 after purchasing an additional 45,881 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 17,600 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the sale, the chief executive officer now owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. This represents a 7.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Chad C. Uplinger sold 500 shares of EnerSys 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. The trade was a 2.83 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ENS. Roth Mkm reiterated a “buy” rating and set a $120.00 price target 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 note on Tuesday, August 27th. Finally, StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.00.

EnerSys Stock Down 2.1 %

ENS stock opened at $96.89 on Wednesday. The company’s 50 day moving average is $99.57 and its 200 day moving average is $101.12. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. During the same quarter in the prior year, the firm earned $1.84 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. Sell-side analysts predict that EnerSys will post 8.86 EPS for the current fiscal 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 paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is currently 13.60%.

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.