Dana Investment Advisors Inc. Cuts Position in EnerSys (NYSE:ENS)

Dana Investment Advisors Inc. trimmed its holdings in shares of EnerSys (NYSE:ENS) by 21.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 67,062 shares of the industrial products company’s stock after selling 18,252 shares during the period. Dana Investment Advisors Inc. owned approximately 0.17% of EnerSys worth $6,942,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ENS. Aurora Investment Counsel raised its stake in EnerSys by 0.7% during the second quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after buying an additional 139 shares during the last quarter. Creative Planning increased its holdings in shares of EnerSys by 60.4% during the second quarter. Creative Planning now owns 5,832 shares of the industrial products company’s stock valued at $604,000 after acquiring an additional 2,196 shares in the last quarter. Silver Lake Advisory LLC raised its position in shares of EnerSys by 0.8% in the 2nd quarter. Silver Lake Advisory LLC now owns 30,886 shares of the industrial products company’s stock worth $3,197,000 after purchasing an additional 260 shares during the last quarter. Algert Global LLC bought a new position in EnerSys in the 2nd quarter worth about $4,505,000. Finally, SkyView Investment Advisors LLC purchased a new stake in EnerSys during the 2nd quarter valued at about $244,000. 94.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was 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 of the company’s stock, valued at $24,414,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now owns 17,175 shares of the company’s stock, valued at $1,732,442.25. The disclosure for this sale can be found here. Over 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ENS. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Stock Performance

Shares of ENS stock opened at $99.76 on Wednesday. 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 company has a 50 day moving average price of $99.68 and a 200-day moving average price of $99.12. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The firm has a market capitalization of $4.01 billion, a PE ratio of 15.35, a P/E/G ratio of 0.62 and a beta of 1.24.

EnerSys (NYSE:ENS) last announced its earnings results 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 analyst estimates of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. 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 business earned $1.89 EPS. As a group, equities research analysts expect that EnerSys will post 8.94 earnings per share for the current year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.96%. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was 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.