Dark Forest Capital Management LP Has $380,000 Stock Position in EnerSys (NYSE:ENS)

Dark Forest Capital Management LP lowered its position in shares of EnerSys (NYSE:ENS) by 20.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,666 shares of the industrial products company’s stock after selling 928 shares during the quarter. Dark Forest Capital Management LP’s holdings in EnerSys were worth $380,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 94 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of EnerSys by 2.9% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock valued at $422,000 after buying an additional 126 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of EnerSys by 0.3% in the first quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock valued at $4,794,000 after buying an additional 154 shares in the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of EnerSys by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock valued at $744,000 after buying an additional 167 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of EnerSys by 1.9% in the second quarter. Arizona State Retirement System now owns 11,314 shares of the industrial products company’s stock valued at $1,171,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,700 shares of company stock worth $2,271,843. Insiders own 1.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ENS. Roth Mkm reissued a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Three research 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, the company has a consensus rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Stock Up 0.1 %

Shares of ENS opened at $101.58 on Friday. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The firm has a market cap of $4.09 billion, a P/E ratio of 15.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The firm’s 50-day simple moving average is $100.02 and its 200 day simple moving average is $98.93. 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 announced its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. 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 prior year, the business earned $1.89 EPS. EnerSys’s quarterly revenue was down 6.1% on a year-over-year basis. On average, analysts forecast 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. Investors of record on Monday, September 16th will be paid a $0.24 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s dividend payout ratio is 14.77%.

About EnerSys

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.