Creative Planning Sells 454 Shares of EnerSys (NYSE:ENS)

Creative Planning decreased its position in shares of EnerSys (NYSE:ENS) by 7.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,378 shares of the industrial products company’s stock after selling 454 shares during the quarter. Creative Planning’s holdings in EnerSys were worth $549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ENS. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of EnerSys during the 2nd quarter worth $25,000. Covestor Ltd boosted its position in EnerSys by 231.6% during the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. UMB Bank n.a. boosted its position in EnerSys by 36.2% during the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 94 shares in the last quarter. GAMMA Investing LLC boosted its position in EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new stake in EnerSys during the second quarter valued at about $41,000. Institutional investors own 94.93% of the company’s stock.

EnerSys Price Performance

Shares of NYSE ENS opened at $99.09 on Wednesday. EnerSys has a fifty-two week low of $83.27 and a fifty-two week high of $112.53. The company has a market cap of $3.99 billion, a PE ratio of 14.99, a P/E/G ratio of 0.61 and a beta of 1.24. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The business has a 50-day simple moving average of $99.89 and a two-hundred day simple moving average of $100.59.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.01. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The firm had revenue of $852.90 million during the quarter, compared to analysts’ expectations of $877.52 million. During the same period last year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities analysts expect that EnerSys will post 8.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ENS shares. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

Insider Transactions at EnerSys

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 completion of the transaction, the chief executive officer now directly owns 244,140 shares in the company, valued at $24,414,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $24,414,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock worth $2,271,843 over the last three months. 1.61% of the stock is currently owned by insiders.

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.