EnerSys (NYSE:ENS) Shares Sold by New England Research & Management Inc.

New England Research & Management Inc. trimmed its stake in shares of EnerSys (NYSE:ENS) by 23.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,525 shares of the industrial products company’s stock after selling 2,875 shares during the quarter. New England Research & Management Inc.’s holdings in EnerSys were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ENS. Parkside Financial Bank & Trust increased its position in EnerSys by 1,386.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 446 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 416 shares during the period. Principal Securities Inc. acquired a new stake in EnerSys in the 4th quarter valued at approximately $52,000. Arlington Trust Co LLC acquired a new position in shares of EnerSys during the 4th quarter valued at $157,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of EnerSys during the 4th quarter valued at $157,000. Finally, TFO Wealth Partners LLC increased its position in shares of EnerSys by 103,350.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,069 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 2,067 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ENS shares. StockNews.com lowered EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Thursday. BTIG Research lowered EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $126.50.

EnerSys Trading Down 0.1 %

Shares of NYSE ENS opened at $103.52 on Friday. The firm has a market capitalization of $4.16 billion, a PE ratio of 15.93, a PEG ratio of 0.66 and a beta of 1.33. The company has a current ratio of 2.46, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. EnerSys has a one year low of $83.27 and a one year high of $113.34. The business has a 50-day moving average price of $100.57 and a two-hundred day moving average price of $96.60.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 EPS for the quarter, topping the consensus estimate of $2.02 by $0.06. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The company had revenue of $910.70 million during the quarter, compared to the consensus estimate of $893.64 million. During the same period in the previous year, the firm posted $1.82 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, analysts predict that EnerSys will post 8.74 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.90 annualized dividend and a dividend yield of 0.87%. EnerSys’s dividend payout ratio (DPR) is 13.85%.

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.