EnerSys (NYSE:ENS) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its stake in EnerSys (NYSE:ENS) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,441 shares of the industrial products company’s stock after selling 141 shares during the quarter. Van ECK Associates Corp’s holdings in EnerSys were worth $965,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lightrock Netherlands B.V. acquired a new stake in EnerSys in the 4th quarter valued at $11,969,000. Trust Point Inc. grew its stake in EnerSys by 10.3% in the 4th quarter. Trust Point Inc. now owns 7,526 shares of the industrial products company’s stock valued at $696,000 after acquiring an additional 702 shares during the period. R Squared Ltd acquired a new stake in EnerSys in the 4th quarter valued at $47,000. KBC Group NV lifted its holdings in EnerSys by 64.0% in 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. Finally, Tributary Capital Management LLC lifted its holdings in EnerSys by 25.9% in the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company’s stock valued at $22,161,000 after purchasing an additional 49,392 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction 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. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.61% of the company’s stock.

EnerSys Trading Down 0.6 %

Shares of ENS stock opened at $102.08 on Friday. EnerSys has a fifty-two week low of $88.50 and a fifty-two week high of $112.53. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06. The stock’s fifty day moving average is $95.92 and its two-hundred day moving average is $97.44. The firm has a market capitalization of $4.03 billion, a P/E ratio of 12.63, a PEG ratio of 0.56 and a beta of 1.22.

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

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 0.94%. EnerSys’s dividend payout ratio is presently 11.88%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ENS. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer upgraded 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. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, EnerSys has a consensus rating of “Buy” and a consensus target price of $117.50.

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.