New South Capital Management Inc. Sells 11,520 Shares of EnerSys (NYSE:ENS)

New South Capital Management Inc. lessened its stake in shares of EnerSys (NYSE:ENS) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 825,568 shares of the industrial products company’s stock after selling 11,520 shares during the quarter. EnerSys makes up 2.2% of New South Capital Management Inc.’s holdings, making the stock its 20th biggest holding. New South Capital Management Inc.’s holdings in EnerSys were worth $80,683,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ENS. First Trust Advisors LP grew its stake in shares of EnerSys by 3.8% during the first quarter. First Trust Advisors LP now owns 49,830 shares of the industrial products company’s stock worth $3,247,000 after buying an additional 1,838 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in EnerSys by 13.6% during the first quarter. Envestnet Asset Management Inc. now owns 65,147 shares of the industrial products company’s stock valued at $5,915,000 after acquiring an additional 7,808 shares during the last quarter. Standard Life Aberdeen plc bought a new stake in EnerSys during the first quarter valued at $277,000. The PNC Financial Services Group Inc. boosted its position in EnerSys by 1.8% during the first quarter. The PNC Financial Services Group Inc. now owns 6,982 shares of the industrial products company’s stock valued at $633,000 after acquiring an additional 122 shares during the last quarter. Finally, Swiss National Bank boosted its position in EnerSys by 1.5% during the first quarter. Swiss National Bank now owns 97,300 shares of the industrial products company’s stock valued at $8,835,000 after acquiring an additional 1,400 shares during the last quarter. 95.03% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BTIG Research upgraded shares of EnerSys from a “neutral” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, June 16th.

In related news, CEO David M. Shaffer sold 7,100 shares of EnerSys stock in a transaction on Tuesday, August 31st. The shares were sold at an average price of $85.02, for a total value of $603,642.00. Following the transaction, the chief executive officer now owns 223,655 shares in the company, valued at approximately $19,015,148.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andrew M. Zogby sold 4,351 shares of EnerSys stock in a transaction on Friday, August 27th. The stock was sold at an average price of $87.26, for a total transaction of $379,668.26. Following the completion of the transaction, the insider now owns 32,317 shares in the company, valued at approximately $2,819,981.42. The disclosure for this sale can be found here. Company insiders own 1.37% of the company’s stock.

Shares of EnerSys stock traded down $1.21 on Tuesday, reaching $73.71. 6,078 shares of the company traded hands, compared to its average volume of 243,425. EnerSys has a 52 week low of $62.30 and a 52 week high of $104.47. The company has a 50 day moving average of $89.61 and a 200 day moving average of $92.49. The firm has a market capitalization of $3.13 billion, a PE ratio of 21.35, a PEG ratio of 1.51 and a beta of 1.43. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.81 and a quick ratio of 1.88.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, August 11th. The industrial products company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.05. The business had revenue of $814.90 million for the quarter, compared to analysts’ expectations of $815.10 million. EnerSys had a net margin of 4.92% and a return on equity of 13.76%. As a group, analysts anticipate that EnerSys will post 5.29 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 24th. Stockholders of record on Friday, September 10th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 9th. EnerSys’s dividend payout ratio (DPR) is currently 15.59%.

EnerSys Company Profile

EnerSys engages in the provision of stored energy solutions for industrial applications. The company operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment, which combine enclosures, power conversion, power distribution, and energy storage are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and other applications requiring stored energy solutions.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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