Paralel Advisors LLC Purchases Shares of 24,166 EnerSys (NYSE:ENS)

Paralel Advisors LLC bought a new stake in shares of EnerSys (NYSE:ENS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 24,166 shares of the industrial products company’s stock, valued at approximately $2,502,000.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of EnerSys in the fourth quarter worth approximately $46,747,000. Great Lakes Advisors LLC bought a new position in EnerSys in the second quarter worth $10,765,000. Allspring Global Investments Holdings LLC lifted its position in EnerSys by 25,769.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 62,604 shares of the industrial products company’s stock valued at $6,481,000 after acquiring an additional 62,362 shares during the period. Vanguard Group Inc. boosted its position in shares of EnerSys by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after purchasing an additional 60,021 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in shares of EnerSys by 354.4% in the second quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after acquiring an additional 50,958 shares during the last quarter. Institutional investors own 94.93% of the company’s stock.

EnerSys Stock Down 2.0 %

EnerSys stock traded down $1.95 during trading hours on Friday, reaching $96.31. The stock had a trading volume of 254,288 shares, compared to its average volume of 246,845. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The business’s 50 day moving average price is $101.25 and its 200-day moving average price is $98.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 0.63 and a beta of 1.24.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The firm had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. During the same period in the previous year, the company earned $1.89 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. Sell-side analysts anticipate that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.24 dividend. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. EnerSys’s dividend payout ratio is presently 14.77%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ENS. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, August 30th. Roth Mkm started coverage on EnerSys in a research report on Tuesday, August 27th. They set a “buy” rating and a $120.00 price objective on the stock. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, EnerSys currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock valued at $2,271,843 in the last three months. 1.61% of the stock is currently owned by company insiders.

About EnerSys

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.