Blair William & Co. IL Cuts Stock Holdings in EnerSys (NYSE:ENS)

Blair William & Co. IL lowered its stake in EnerSys (NYSE:ENS) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 32,597 shares of the industrial products company’s stock after selling 497 shares during the quarter. Blair William & Co. IL owned 0.08% of EnerSys worth $3,374,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys in the 2nd quarter valued at $25,000. UMB Bank n.a. grew its stake in 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 during the period. Covestor Ltd grew its stake in EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. GAMMA Investing LLC grew its stake in EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 224 shares during the period. Finally, Mather Group LLC. grew its stake in EnerSys by 250.5% in the 2nd quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 501 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

ENS has been the topic of several recent research reports. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Friday, August 30th. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Roth Mkm initiated coverage on shares of EnerSys in a research note on Tuesday, August 27th. They set a “buy” rating and a $120.00 target price on the stock. 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 company’s stock. According to MarketBeat, EnerSys presently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Transactions at EnerSys

In related news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the sale, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Joern Tinnemeyer sold 2,200 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 $220,000.00. Following the completion of the sale, the vice president now owns 25,368 shares in the company, valued at $2,536,800. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock worth $2,271,843 in the last quarter. Company insiders own 1.61% of the company’s stock.

EnerSys Stock Down 0.4 %

NYSE ENS opened at $102.14 on Monday. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $100.68 and its 200-day simple moving average is $98.71. The firm has a market cap of $4.11 billion, a PE ratio of 15.71, a P/E/G ratio of 0.60 and a beta of 1.24.

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

EnerSys Increases Dividend

The business also recently declared 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 represents a $0.96 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Monday, September 16th. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is currently 14.77%.

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.