EnerSys (NYSE:ENS) Stock Position Raised by Seven Eight Capital LP

Seven Eight Capital LP lifted its stake in shares of EnerSys (NYSE:ENS) by 32.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,284 shares of the industrial products company’s stock after purchasing an additional 2,795 shares during the period. Seven Eight Capital LP’s holdings in EnerSys were worth $1,168,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ENS. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys during the 2nd quarter worth about $25,000. UMB Bank n.a. lifted its position in shares of EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. Covestor Ltd grew its position in EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 264 shares in the last quarter. GAMMA Investing LLC raised its stake in EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 224 shares during the period. Finally, Principal Securities Inc. purchased a new stake in shares of EnerSys in the fourth quarter valued at $52,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David M. Shaffer sold 17,600 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the sale, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,700 shares of company stock valued at $2,271,843. Insiders own 1.61% of the company’s stock.

EnerSys Trading Up 1.5 %

EnerSys stock opened at $102.52 on Friday. The business’s 50-day simple moving average is $100.80 and its 200-day simple moving average is $98.51. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The firm has a market capitalization of $4.12 billion, a PE ratio of 15.77, a PEG ratio of 0.60 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70.

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

EnerSys Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.24 per share. This is an increase from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. EnerSys’s payout ratio is presently 14.77%.

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.