EnerSys (NYSE:ENS) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its holdings in EnerSys (NYSE:ENS) by 31.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,714 shares of the industrial products company’s stock after selling 6,309 shares during the period. Tidal Investments LLC’s holdings in EnerSys were worth $1,400,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ENS. UMB Bank n.a. boosted its holdings in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 94 shares during the last quarter. Peregrine Asset Advisers Inc. lifted its holdings in shares of EnerSys by 2.0% in the 3rd quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock valued at $705,000 after buying an additional 137 shares during the period. Aurora Investment Counsel boosted its stake in shares of EnerSys by 0.7% in the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock worth $2,064,000 after buying an additional 139 shares during the last quarter. Azzad Asset Management Inc. ADV grew its holdings in EnerSys by 2.4% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 167 shares during the period. Finally, Quantinno Capital Management LP raised its position in EnerSys by 6.5% during the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 183 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value 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. This represents a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ENS. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Roth Mkm reissued a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $118.00.

EnerSys Stock Up 2.9 %

Shares of ENS opened at $94.16 on Thursday. The firm has a market cap of $3.75 billion, a P/E ratio of 13.34, a PEG ratio of 0.60 and a beta of 1.22. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53. The stock’s 50 day moving average is $97.70 and its two-hundred day moving average is $100.34. 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 (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. The firm 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%. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 EPS. Analysts predict that EnerSys will post 8.86 earnings per share for the current fiscal 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 given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. EnerSys’s dividend payout ratio (DPR) is presently 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.