State of Alaska Department of Revenue Cuts Stake in EnerSys (NYSE:ENS)

State of Alaska Department of Revenue cut its holdings in EnerSys (NYSE:ENS) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,544 shares of the industrial products company’s stock after selling 135 shares during the quarter. State of Alaska Department of Revenue’s holdings in EnerSys were worth $420,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ENS. Peregrine Asset Advisers Inc. lifted its position in EnerSys by 2.0% in the third quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock worth $705,000 after buying an additional 137 shares during the last quarter. Uncommon Cents Investing LLC lifted its position in shares of EnerSys by 4.6% during the fourth quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 150 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of EnerSys by 2.6% during the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock worth $614,000 after purchasing an additional 169 shares during the last quarter. Aurora Investment Counsel lifted its position in shares of EnerSys by 0.9% during the third quarter. Aurora Investment Counsel now owns 20,116 shares of the industrial products company’s stock worth $2,053,000 after purchasing an additional 180 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of EnerSys by 6.5% during the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock worth $307,000 after purchasing an additional 183 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Trading Down 2.9 %

Shares of ENS stock opened at $99.07 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 1.87. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 0.55 and a beta of 1.22. The stock has a 50 day simple moving average of $95.27 and a 200-day simple moving average of $97.48. EnerSys has a 1-year low of $88.50 and a 1-year high of $112.53.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, equities research analysts expect that EnerSys will post 9.78 EPS for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, March 14th. EnerSys’s dividend payout ratio (DPR) is presently 11.88%.

Wall Street Analyst Weigh In

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

Insider Activity

In related 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 transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.61% of the company’s stock.

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.