EnerSys (NYSE:ENS) Shares Sold by Scopia Capital Management LP

Scopia Capital Management LP lowered its stake in shares of EnerSys (NYSE:ENS) by 4.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 206,140 shares of the industrial products company’s stock after selling 10,391 shares during the period. EnerSys accounts for 4.3% of Scopia Capital Management LP’s investment portfolio, making the stock its 7th largest position. Scopia Capital Management LP’s holdings in EnerSys were worth $21,037,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of EnerSys by 246.8% during the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after buying an additional 188,053 shares during the last quarter. Shellback Capital LP acquired a new stake in EnerSys during the second quarter worth $14,012,000. AQR Capital Management LLC raised its position 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 during the period. Great Lakes Advisors LLC acquired a new position in shares of EnerSys in the 2nd quarter valued at $10,765,000. Finally, Deprince Race & Zollo Inc. increased its position in shares of EnerSys by 16.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after purchasing an additional 92,398 shares during the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Stock Performance

Shares of EnerSys stock opened at $96.84 on Friday. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The business has a 50-day moving average of $99.26 and a 200 day moving average of $101.05. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same quarter last year, the firm posted $1.84 earnings per share. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio is currently 13.60%.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.61% of the company’s stock.

Analysts Set New Price Targets

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

EnerSys 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.