EnerSys (NYSE:ENS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of EnerSys (NYSE:ENS) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,932 shares of the industrial products company’s stock after acquiring an additional 185 shares during the period. Victory Capital Management Inc.’s holdings in EnerSys were worth $1,320,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys during the second quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 94 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 224 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of EnerSys during the second quarter worth about $41,000. Finally, Mather Group LLC. lifted its holdings in shares of EnerSys by 250.5% in the 2nd quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock valued at $66,000 after purchasing an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Down 2.1 %

EnerSys stock opened at $96.89 on Wednesday. The stock has a 50 day moving average of $99.57 and a two-hundred day moving average of $101.12. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.61 and a beta of 1.24. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.05. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period last year, the company earned $1.84 earnings per share. As a group, research analysts expect that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. EnerSys’s dividend payout ratio (DPR) is 13.60%.

Insider Buying and Selling

In other news, insider Chad C. Uplinger sold 500 shares of the 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 of the company’s stock, valued at approximately $1,732,442.25. This represents a 2.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO David M. Shaffer sold 17,600 shares of EnerSys stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total value of $1,761,408.00. Following the completion of the sale, the chief executive officer now owns 226,540 shares in the company, valued at approximately $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. 1.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.