EnerSys (NYSE:ENS) Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in EnerSys (NYSE:ENS) by 60.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,626 shares of the industrial products company’s stock after acquiring an additional 5,909 shares during the period. Janney Montgomery Scott LLC’s holdings in EnerSys were worth $1,595,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ENS. Vanguard Group Inc. raised its position in shares of EnerSys by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock valued at $415,262,000 after acquiring an additional 60,021 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of EnerSys by 2,444.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after buying an additional 45,881 shares during the period. Assenagon Asset Management S.A. grew its position in shares of EnerSys by 354.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock valued at $6,764,000 after buying an additional 50,958 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in shares of EnerSys during the 1st quarter valued at about $494,000. Finally, Comerica Bank raised its stake in EnerSys by 12.1% during the first quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock worth $5,367,000 after acquiring an additional 6,133 shares during the period. 94.93% of the stock is currently owned by institutional investors.

EnerSys Stock Down 0.7 %

Shares of EnerSys stock opened at $97.32 on Friday. The business’s fifty day moving average price is $99.74 and its two-hundred day moving average price is $100.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The company has a market capitalization of $3.88 billion, a P/E ratio of 13.78, a PEG ratio of 0.62 and a beta of 1.24. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53.

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

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, December 13th. EnerSys’s payout ratio is currently 13.60%.

Insider Activity

In other EnerSys news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total value of $50,435.00. Following the transaction, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. This represents a 2.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Finally, Roth Mkm restated a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $118.00.

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.