Carolina Wealth Advisors LLC Acquires 169 Shares of EnerSys (NYSE:ENS)

Carolina Wealth Advisors LLC increased its stake in shares of EnerSys (NYSE:ENS) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,648 shares of the industrial products company’s stock after buying an additional 169 shares during the period. Carolina Wealth Advisors LLC’s holdings in EnerSys were worth $614,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in shares of EnerSys during the second quarter worth approximately $41,000. Millburn Ridgefield Corp bought a new position in EnerSys in the 3rd quarter worth approximately $88,000. Point72 Asset Management L.P. acquired a new position in EnerSys during the 3rd quarter worth $125,000. CWM LLC boosted its position in EnerSys by 48.6% in the 3rd 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, nVerses Capital LLC acquired a new stake in shares of EnerSys in the 3rd quarter valued at $184,000. Institutional investors own 94.93% of the company’s stock.

EnerSys Stock Performance

ENS stock opened at $93.91 on Thursday. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.74 billion, a P/E ratio of 13.30, a price-to-earnings-growth ratio of 0.51 and a beta of 1.22. The business’s fifty day moving average is $94.61 and its 200-day moving average is $98.57.

EnerSys (NYSE:ENS) last released its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $891.78 million. During the same quarter in the prior year, the company posted $1.84 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that EnerSys will post 9.86 EPS for the current year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, December 13th. EnerSys’s payout ratio is 13.60%.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following 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 is accessible through the SEC website. Corporate insiders own 1.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ENS. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a research report 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $120.00.

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.