Retirement Systems of Alabama Sells 995 Shares of EnerSys (NYSE:ENS)

Retirement Systems of Alabama lessened its holdings in EnerSys (NYSE:ENS) by 2.0% in the third quarter, Holdings Channel reports. The institutional investor owned 48,888 shares of the industrial products company’s stock after selling 995 shares during the period. Retirement Systems of Alabama’s holdings in EnerSys were worth $4,989,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Global Alpha Capital Management Ltd. raised its stake in shares of EnerSys by 32.8% during the third quarter. Global Alpha Capital Management Ltd. now owns 27,361 shares of the industrial products company’s stock valued at $2,792,000 after acquiring an additional 6,764 shares during the last quarter. Foundry Partners LLC acquired a new stake in EnerSys in the third quarter valued at $4,740,000. Citigroup Inc. raised its position in EnerSys by 99.2% during the 3rd quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock worth $4,942,000 after purchasing an additional 24,123 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in EnerSys during the 2nd quarter worth about $10,765,000. Finally, Janney Montgomery Scott LLC grew its position in shares of EnerSys by 60.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company’s stock valued at $1,595,000 after buying an additional 5,909 shares during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.61% of the stock is currently owned by company insiders.

EnerSys Trading Up 2.9 %

NYSE ENS opened at $94.16 on Thursday. The stock has a market capitalization of $3.75 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.60 and a beta of 1.22. The business has a 50 day simple moving average of $97.70 and a 200 day simple moving average of $100.34. 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 one year low of $86.41 and a one year high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping the consensus estimate 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 net margin of 8.25% and a return on equity of 20.04%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.84 EPS. Research analysts expect that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ENS. Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, EnerSys currently has an average rating of “Buy” and a consensus target price of $118.00.

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.