Wealth Enhancement Advisory Services LLC Buys 302 Shares of EnerSys (NYSE:ENS)

Wealth Enhancement Advisory Services LLC increased its stake in shares of EnerSys (NYSE:ENS) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,044 shares of the industrial products company’s stock after purchasing an additional 302 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in EnerSys were worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ENS. Canada Pension Plan Investment Board bought a new position in shares of EnerSys during the 2nd quarter worth approximately $41,000. Millburn Ridgefield Corp acquired a new position in EnerSys during the 3rd quarter valued at about $88,000. Point72 Asset Management L.P. purchased a new stake in EnerSys in the third quarter valued at about $125,000. CWM LLC boosted its holdings in EnerSys by 48.6% in the third quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock worth $151,000 after acquiring an additional 484 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of EnerSys during the third quarter worth about $184,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction that occurred 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 approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.61% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ENS. 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 reiterated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $120.00.

EnerSys Price Performance

NYSE:ENS opened at $93.91 on Thursday. The firm’s fifty day moving average is $94.77 and its two-hundred day moving average is $98.61. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.58 and a beta of 1.22. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. EnerSys has a one year low of $86.41 and a one year high of $112.53.

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

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

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.