Allspring Global Investments Holdings LLC Sells 5,217 Shares of EnerSys (NYSE:ENS)

Allspring Global Investments Holdings LLC cut its holdings in shares of EnerSys (NYSE:ENS) by 11.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,274 shares of the industrial products company’s stock after selling 5,217 shares during the period. Allspring Global Investments Holdings LLC owned 0.10% of EnerSys worth $3,617,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CWM LLC lifted its position in EnerSys by 48.6% during the third quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 484 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in EnerSys by 273.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,742 shares of the industrial products company’s stock valued at $994,000 after acquiring an additional 7,134 shares during the last quarter. State of Alaska Department of Revenue lifted its position in EnerSys by 7.2% during the third quarter. State of Alaska Department of Revenue now owns 4,679 shares of the industrial products company’s stock valued at $477,000 after acquiring an additional 315 shares during the last quarter. Smith Group Asset Management LLC lifted its position in EnerSys by 25.0% during the third quarter. Smith Group Asset Management LLC now owns 4,638 shares of the industrial products company’s stock valued at $473,000 after acquiring an additional 929 shares during the last quarter. Finally, US Bancorp DE lifted its position in EnerSys by 8.6% during the third quarter. US Bancorp DE now owns 5,990 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 473 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on ENS. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a report on Friday, January 17th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, EnerSys currently has an average rating of “Buy” and an average target price of $117.50.

EnerSys Trading Up 1.3 %

NYSE ENS opened at $102.83 on Friday. The stock has a market cap of $4.05 billion, a P/E ratio of 12.73, a P/E/G ratio of 0.56 and a beta of 1.22. EnerSys has a 12-month low of $88.50 and a 12-month high of $112.53. The company has a fifty day simple moving average of $95.75 and a two-hundred day simple moving average of $97.41. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. On average, analysts forecast that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.93%. EnerSys’s payout ratio is currently 11.88%.

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.61% of the company’s stock.

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.