Mutual of America Capital Management LLC Sells 1,389 Shares of EnerSys (NYSE:ENS)

Mutual of America Capital Management LLC decreased its stake in EnerSys (NYSE:ENS) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,752 shares of the industrial products company’s stock after selling 1,389 shares during the period. Mutual of America Capital Management LLC owned 0.05% of EnerSys worth $2,220,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in EnerSys by 1.5% during the third quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company’s stock worth $1,320,000 after purchasing an additional 185 shares during the period. Peregrine Asset Advisers Inc. lifted its position in EnerSys by 2.0% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock worth $705,000 after acquiring an additional 137 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in shares of EnerSys by 15.7% in the third quarter. State of New Jersey Common Pension Fund D now owns 20,040 shares of the industrial products company’s stock valued at $2,045,000 after purchasing an additional 2,718 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of EnerSys by 10.6% during the third quarter. Crossmark Global Holdings Inc. now owns 2,721 shares of the industrial products company’s stock worth $278,000 after purchasing an additional 261 shares during the period. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in EnerSys by 98.1% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 3,961 shares of the industrial products company’s stock worth $404,000 after purchasing an additional 1,962 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the transaction, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. This trade represents a 2.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the sale, the chief executive officer now owns 226,540 shares in the company, valued at approximately $22,672,123.20. The trade was a 7.21 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on ENS shares. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm reissued a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research note on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

EnerSys Price Performance

NYSE ENS opened at $97.52 on Monday. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.88 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The firm’s 50-day simple moving average is $99.59 and its two-hundred day simple moving average is $101.10.

EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $883.70 million during 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%. EnerSys’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.84 earnings per share. Research analysts predict that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s payout ratio is currently 13.60%.

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.