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

Janney Montgomery Scott LLC grew its stake in EnerSys (NYSE:ENS) by 12.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,502 shares of the industrial products company’s stock after buying an additional 1,876 shares during the period. Janney Montgomery Scott LLC’s holdings in EnerSys were worth $1,618,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ENS. Creative Planning grew its position in shares of EnerSys by 60.4% during the second quarter. Creative Planning now owns 5,832 shares of the industrial products company’s stock worth $604,000 after acquiring an additional 2,196 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in EnerSys during the 2nd quarter worth $343,000. Handelsbanken Fonder AB grew its position in EnerSys by 39.9% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,230 shares of the industrial products company’s stock worth $1,146,000 after purchasing an additional 3,200 shares during the last quarter. CWM LLC raised its holdings in shares of EnerSys by 48.6% in the third quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock valued at $151,000 after buying an additional 484 shares during the last quarter. Finally, Inspire Investing LLC boosted its stake in shares of EnerSys by 19.2% during the third quarter. Inspire Investing LLC now owns 4,050 shares of the industrial products company’s stock worth $413,000 after buying an additional 652 shares during the period. 94.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

Shares of ENS stock opened at $93.63 on Tuesday. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The stock has a 50 day simple moving average of $94.85 and a 200-day simple moving average of $98.02. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 13.26, a price-to-earnings-growth ratio of 0.55 and a beta of 1.22.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, beating the consensus estimate 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 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that EnerSys will post 9.78 EPS for the current year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date was Friday, December 13th. EnerSys’s dividend payout ratio is currently 13.60%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ENS shares. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Friday, January 17th. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $117.50.

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.