New York State Teachers Retirement System Cuts Stake in EnerSys (NYSE:ENS)

New York State Teachers Retirement System decreased its stake in EnerSys (NYSE:ENS) by 11.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,621 shares of the industrial products company’s stock after selling 6,300 shares during the period. New York State Teachers Retirement System owned approximately 0.13% of EnerSys worth $4,679,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ENS. R Squared Ltd acquired a new position in EnerSys during the 4th quarter worth approximately $47,000. Millburn Ridgefield Corp purchased a new stake in shares of EnerSys during the third quarter valued at approximately $88,000. Point72 Asset Management L.P. acquired a new position in shares of EnerSys during the third quarter worth $125,000. CWM LLC boosted its stake 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. Finally, KBC Group NV grew its holdings in EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 727 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Trading Up 1.3 %

ENS opened at $102.83 on Friday. EnerSys has a 12-month low of $88.50 and a 12-month high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The stock has a market capitalization of $4.05 billion, a PE ratio of 12.73, a P/E/G ratio of 0.56 and a beta of 1.22. The firm’s fifty day moving average price is $95.75 and its 200 day moving average price is $97.41.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, research analysts expect that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, March 14th. EnerSys’s dividend payout ratio is presently 11.88%.

Insiders Place Their Bets

In other EnerSys 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 transaction of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.61% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ENS. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price objective on the stock in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, EnerSys presently has an average rating of “Buy” and an average price target of $117.50.

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.