Millennium Management LLC Reduces Stock Position in EnerSys (NYSE:ENS)

Millennium Management LLC cut its holdings in shares of EnerSys (NYSE:ENS) by 73.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,545 shares of the industrial products company’s stock after selling 297,251 shares during the quarter. Millennium Management LLC owned approximately 0.26% of EnerSys worth $11,030,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Deprince Race & Zollo Inc. increased its holdings in EnerSys by 16.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after purchasing an additional 92,398 shares during the last quarter. Earnest Partners LLC increased its holdings in EnerSys by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock worth $120,978,000 after purchasing an additional 21,903 shares during the last quarter. AQR Capital Management LLC increased its holdings in EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares during the last quarter. Bank of Montreal Can increased its holdings in EnerSys by 729.2% during the 2nd quarter. Bank of Montreal Can now owns 59,937 shares of the industrial products company’s stock worth $6,251,000 after purchasing an additional 52,709 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys during the 2nd quarter worth approximately $41,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Trading Up 0.5 %

NYSE:ENS opened at $100.92 on Tuesday. EnerSys has a 12-month low of $83.27 and a 12-month high of $112.53. The firm has a market capitalization of $4.06 billion, a P/E ratio of 15.53, a P/E/G ratio of 0.62 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. The business has a 50 day simple moving average of $98.96 and a 200 day simple moving average of $99.37.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $877.52 million. During the same quarter in the previous year, the firm posted $1.89 EPS. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research analysts predict that EnerSys will post 8.94 EPS for the current year.

EnerSys Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend was Monday, September 16th. This is a positive change from EnerSys’s previous quarterly dividend of $0.23. EnerSys’s payout ratio is 14.77%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ENS. Roth Capital upgraded 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 report on Thursday, October 3rd. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, EnerSys presently has an average rating of “Moderate Buy” and an average price target of $118.00.

Insiders Place Their Bets

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at approximately $24,414,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Chad C. Uplinger sold 500 shares of the business’s stock in a transaction on Friday, August 30th. The stock was 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by company insiders.

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.