Citigroup Inc. Increases Stock Holdings in EnerSys (NYSE:ENS)

Citigroup Inc. lifted its position in EnerSys (NYSE:ENS) by 99.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,429 shares of the industrial products company’s stock after purchasing an additional 24,123 shares during the quarter. Citigroup Inc. owned about 0.12% of EnerSys worth $4,942,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. American Century Companies Inc. increased its holdings in EnerSys by 246.8% in the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after acquiring an additional 188,053 shares in the last quarter. Shellback Capital LP acquired a new position in EnerSys during the 2nd quarter worth approximately $14,012,000. AQR Capital Management LLC increased its holdings in shares of EnerSys by 17.2% in the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock valued at $94,022,000 after acquiring an additional 133,211 shares during the last quarter. Great Lakes Advisors LLC acquired a new stake in EnerSys during the 2nd quarter worth $10,765,000. Finally, Deprince Race & Zollo Inc. increased its position in EnerSys by 16.7% during the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after buying an additional 92,398 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

Shares of ENS stock opened at $97.66 on Tuesday. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24. The business has a 50 day simple moving average of $99.15 and a 200 day simple moving average of $101.09. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87.

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

EnerSys Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, December 13th. EnerSys’s dividend payout ratio is 13.60%.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the transaction, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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