Inspire Investing LLC Has $352,000 Position in EnerSys (NYSE:ENS)

Inspire Investing LLC cut its stake in EnerSys (NYSE:ENS) by 10.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,398 shares of the industrial products company’s stock after selling 389 shares during the period. Inspire Investing LLC’s holdings in EnerSys were worth $352,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ENS. Vanguard Group Inc. grew its stake in EnerSys by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after buying an additional 60,021 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of EnerSys by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock worth $123,412,000 after acquiring an additional 14,531 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of EnerSys by 3.8% during the 1st quarter. Principal Financial Group Inc. now owns 894,688 shares of the industrial products company’s stock worth $84,512,000 after acquiring an additional 32,730 shares in the last quarter. Norges Bank bought a new position in EnerSys in the fourth quarter valued at approximately $46,747,000. Finally, Allianz Asset Management GmbH raised its position in EnerSys by 0.7% during the fourth quarter. Allianz Asset Management GmbH now owns 315,932 shares of the industrial products company’s stock valued at $31,896,000 after purchasing an additional 2,105 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Trading Down 0.4 %

ENS opened at $102.14 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The company’s 50 day moving average price is $100.68 and its two-hundred day moving average price is $98.71. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.60 and a beta of 1.24.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. The business had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. EnerSys’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. As a group, research analysts predict 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. Investors of record on Monday, September 16th will be paid a $0.24 dividend. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, September 16th. EnerSys’s payout ratio is currently 14.77%.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 17,600 shares of the company’s stock in a transaction 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 directly owns 226,540 shares of the company’s stock, valued at approximately $22,672,123.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys 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 $220,000.00. Following the completion of the sale, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 completion of the transaction, the chief executive officer now directly owns 226,540 shares in the company, valued at $22,672,123.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,700 shares of company stock valued at $2,271,843. 1.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ENS. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, August 30th. Roth Mkm initiated coverage on EnerSys in a research note on Tuesday, August 27th. They set a “buy” rating and a $120.00 target price for the company. Finally, Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, EnerSys presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

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.