Atria Investments Inc Sells 248 Shares of EnerSys (NYSE:ENS)

Atria Investments Inc cut its stake in EnerSys (NYSE:ENS) by 6.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,339 shares of the industrial products company’s stock after selling 248 shares during the period. Atria Investments Inc’s holdings in EnerSys were worth $341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in EnerSys during the second quarter valued at about $25,000. Covestor Ltd grew its stake in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 264 shares during the last quarter. UMB Bank n.a. grew its stake in shares of EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC lifted its holdings in EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys in the second quarter worth about $41,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Stock Up 0.9 %

Shares of NYSE ENS opened at $95.15 on Friday. The firm’s 50-day moving average price is $99.62 and its 200-day moving average price is $101.01. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 13.48, a P/E/G ratio of 0.59 and a beta of 1.24. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. The business had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 EPS. On average, equities research analysts anticipate that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.01%. EnerSys’s payout ratio is currently 13.60%.

Insider Transactions at EnerSys

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at $2,536,800. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Shaffer sold 17,600 shares of EnerSys stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the transaction, the chief executive officer now directly owns 226,540 shares in the company, valued at $22,672,123.20. This trade represents a 7.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 over the last 90 days. 1.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on ENS. Roth Mkm reiterated a “buy” rating and set a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 15th. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.00.

EnerSys 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.