EnerSys (NYSE:ENS) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its position in EnerSys (NYSE:ENS) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,881 shares of the industrial products company’s stock after selling 341 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in EnerSys were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ENS. Sanctuary Advisors LLC acquired a new position in shares of EnerSys in the second quarter valued at about $343,000. CWM LLC increased its holdings in shares of EnerSys by 48.6% in the third quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 484 shares during the period. Inspire Investing LLC increased its holdings in shares of EnerSys by 19.2% in the third quarter. Inspire Investing LLC now owns 4,050 shares of the industrial products company’s stock valued at $413,000 after purchasing an additional 652 shares during the period. nVerses Capital LLC acquired a new position in shares of EnerSys in the third quarter valued at about $184,000. Finally, AlphaMark Advisors LLC acquired a new stake in EnerSys during the third quarter worth about $342,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on ENS shares. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Friday, January 17th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, EnerSys presently has an average rating of “Buy” and an average target price of $117.50.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.61% of the stock is currently owned by company insiders.

EnerSys Stock Down 1.1 %

EnerSys stock opened at $100.33 on Thursday. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The business’s 50-day moving average price is $95.05 and its 200 day moving average price is $97.59. The company has a quick ratio of 1.87, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. As a group, sell-side analysts anticipate that EnerSys will post 9.78 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.96%. EnerSys’s dividend payout ratio is currently 11.88%.

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.