Dimensional Fund Advisors LP Has $156.43 Million Position in EnerSys (NYSE:ENS)

Dimensional Fund Advisors LP lowered its position in shares of EnerSys (NYSE:ENS) by 2.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,511,063 shares of the industrial products company’s stock after selling 45,804 shares during the quarter. Dimensional Fund Advisors LP owned 3.76% of EnerSys worth $156,427,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in EnerSys by 1.4% during the first quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after purchasing an additional 60,021 shares during the period. Quantbot Technologies LP grew its holdings in EnerSys by 867.8% during the first quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock valued at $1,219,000 after purchasing an additional 11,576 shares during the period. Seven Eight Capital LP acquired a new position in EnerSys during the fourth quarter valued at approximately $893,000. Corient Private Wealth LLC grew its holdings in EnerSys by 13.0% during the fourth quarter. Corient Private Wealth LLC now owns 156,368 shares of the industrial products company’s stock valued at $15,787,000 after purchasing an additional 18,043 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in EnerSys by 2,444.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after purchasing an additional 45,881 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Stock Performance

Shares of ENS opened at $102.14 on Friday. EnerSys has a 12 month low of $83.27 and a 12 month high of $112.53. The firm has a fifty day simple moving average of $100.76 and a 200 day simple moving average of $98.54. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.60 and a beta of 1.24. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, topping the consensus estimate of $1.97 by $0.01. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. The business had revenue of $852.90 million during the quarter, compared to analysts’ expectations of $877.52 million. During the same quarter in the prior year, the company posted $1.89 earnings per share. The firm’s revenue was down 6.1% on a year-over-year basis. Research analysts forecast that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.24 per share. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.96 annualized dividend and a yield of 0.94%. EnerSys’s dividend payout ratio is presently 14.77%.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief executive officer now owns 244,140 shares in the company, valued at $24,414,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the sale, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ENS. Roth Mkm began coverage on shares of EnerSys in a report on Tuesday, August 27th. They issued a “buy” rating and a $120.00 price target for the company. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, August 30th. BTIG Research cut shares of EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Finally, Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Three 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, EnerSys presently has an average rating of “Moderate Buy” and an average 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.