Mendota Financial Group LLC Trims Stake in EnerSys (NYSE:ENS)

Mendota Financial Group LLC cut its holdings in EnerSys (NYSE:ENS) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,291 shares of the industrial products company’s stock after selling 348 shares during the period. Mendota Financial Group LLC’s holdings in EnerSys were worth $119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Global Alpha Capital Management Ltd. lifted its position in EnerSys by 32.8% during the third quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company’s stock valued at $2,792,000 after purchasing an additional 6,764 shares in the last quarter. Foundry Partners LLC bought a new position in shares of EnerSys during the 3rd quarter valued at approximately $4,740,000. Citigroup Inc. increased its holdings in EnerSys by 99.2% in the 3rd quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock worth $4,942,000 after acquiring an additional 24,123 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in EnerSys by 60.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company’s stock worth $1,595,000 after acquiring an additional 5,909 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in EnerSys by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 594,387 shares of the industrial products company’s stock valued at $60,657,000 after purchasing an additional 9,337 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on 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 owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ENS shares. Roth Mkm restated a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Two 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 company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $120.00.

EnerSys Trading Up 2.0 %

Shares of ENS stock opened at $91.38 on Tuesday. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.58 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 price is $94.90 and its 200-day moving average price is $98.68.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The business had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.84 EPS. Equities research analysts predict that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, December 13th. EnerSys’s dividend payout ratio 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.