State of New Jersey Common Pension Fund D Sells 13,530 Shares of EnerSys (NYSE:ENS)

State of New Jersey Common Pension Fund D reduced its position in EnerSys (NYSE:ENS) by 43.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,322 shares of the industrial products company’s stock after selling 13,530 shares during the period. State of New Jersey Common Pension Fund D’s holdings in EnerSys were worth $1,793,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of EnerSys by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after purchasing an additional 60,021 shares during the last quarter. Janus Henderson Group PLC increased its holdings 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 valued at $123,412,000 after purchasing an additional 14,531 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 valued at $84,512,000 after purchasing an additional 32,730 shares in the last quarter. Norges Bank purchased a new position in shares of EnerSys during the 4th quarter valued at approximately $46,747,000. Finally, Allianz Asset Management GmbH increased its holdings in shares of EnerSys by 0.7% during the 4th 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 currently owned by institutional investors.

Insider Activity 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 other EnerSys 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 transaction of $50,435.00. Following the sale, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the business’s 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 owns 244,140 shares in the company, valued at $24,414,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,700 shares of company stock worth $2,271,843. Company insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ENS shares. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Roth Mkm reaffirmed a “buy” rating and set a $120.00 target price on shares of EnerSys in a research note on Monday. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, EnerSys currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Stock Up 1.0 %

NYSE ENS opened at $100.24 on Wednesday. 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 $100.36 and its 200-day simple moving average is $98.81. The firm has a market cap of $4.03 billion, a PE ratio of 15.42, a P/E/G ratio of 0.60 and a beta of 1.24.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.01. The firm had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. EnerSys’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.89 EPS. 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 disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.24 dividend. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 0.96%. The ex-dividend date is Monday, September 16th. EnerSys’s payout ratio is 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.