GAMMA Investing LLC Cuts Stock Holdings in EnerSys (NYSE:ENS)

GAMMA Investing LLC trimmed its stake in shares of EnerSys (NYSE:ENS) by 24.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350 shares of the industrial products company’s stock after selling 114 shares during the period. GAMMA Investing LLC’s holdings in EnerSys were worth $32,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of EnerSys by 0.9% in the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after buying an additional 13,524 shares during the last quarter. Earnest Partners LLC raised its stake in shares of EnerSys by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock valued at $120,978,000 after acquiring an additional 21,903 shares during the period. Geode Capital Management LLC raised its position in EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after purchasing an additional 11,384 shares during the period. AQR Capital Management LLC lifted its position in shares of EnerSys by 17.2% during the second quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after purchasing an additional 133,211 shares in the last quarter. Finally, Deprince Race & Zollo Inc. lifted its stake in shares of EnerSys by 16.7% in the second quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after acquiring an additional 92,398 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Stock Performance

Shares of ENS stock opened at $92.51 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. EnerSys has a fifty-two week low of $86.41 and a fifty-two week high of $112.53. The stock’s 50-day moving average is $94.90 and its two-hundred day moving average is $98.68. The firm has a market cap of $3.68 billion, a P/E ratio of 13.10, a PEG ratio of 0.58 and a beta of 1.22.

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

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is 13.60%.

Insiders Place Their Bets

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ENS shares. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Roth Mkm reissued a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, EnerSys presently has an average rating of “Buy” and a consensus target price of $120.00.

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.