EnerSys (NYSE:ENS) Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its position in EnerSys (NYSE:ENS) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,860 shares of the industrial products company’s stock after selling 1,680 shares during the quarter. Pinnacle Associates Ltd.’s holdings in EnerSys were worth $1,399,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in EnerSys by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after acquiring an additional 60,021 shares in the last quarter. Quantbot Technologies LP raised its stake in EnerSys by 867.8% during the 1st quarter. Quantbot Technologies LP now owns 12,910 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 11,576 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in EnerSys by 2,444.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock worth $4,488,000 after acquiring an additional 45,881 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in EnerSys by 354.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company’s stock worth $6,764,000 after acquiring an additional 50,958 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in EnerSys during the 1st quarter worth $494,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm restated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Finally, Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.00.

Insider Activity

In other news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the sale, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $100.87, for a total transaction of $50,435.00. Following the completion of the sale, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $2,271,843 over the last quarter. Corporate insiders own 1.61% of the company’s stock.

EnerSys Trading Up 0.7 %

NYSE ENS opened at $97.49 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The firm has a market cap of $3.92 billion, a PE ratio of 14.75, a P/E/G ratio of 0.61 and a beta of 1.23. EnerSys has a one year low of $83.27 and a one year high of $112.53. The firm’s fifty day moving average is $99.92 and its two-hundred day moving average is $100.39.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 7th. The industrial products company reported $1.98 EPS for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. The company had revenue of $852.90 million for the quarter, compared to analyst estimates of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. EnerSys’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.89 earnings per share. Analysts expect that EnerSys will post 8.93 earnings per share for the current year.

EnerSys Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.24 dividend. This is an increase from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.98%. EnerSys’s payout ratio is presently 14.52%.

About EnerSys

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.