Global Alpha Capital Management Ltd. Purchases 6,764 Shares of EnerSys (NYSE:ENS)

Global Alpha Capital Management Ltd. increased its holdings in shares of EnerSys (NYSE:ENS) by 32.8% during the third quarter, Holdings Channel.com reports. The firm owned 27,361 shares of the industrial products company’s stock after buying an additional 6,764 shares during the period. Global Alpha Capital Management Ltd.’s holdings in EnerSys were worth $2,792,000 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. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of EnerSys during the second quarter worth $25,000. Covestor Ltd raised its stake in shares of EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 264 shares during the period. UMB Bank n.a. increased its stake in EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares during the period. GAMMA Investing LLC grew its holdings in EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of EnerSys in the 2nd quarter valued at $41,000. 94.93% of the stock is currently owned by institutional investors.

EnerSys Price Performance

Shares of ENS stock opened at $94.14 on Wednesday. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.60 and a beta of 1.24. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53. The stock has a 50-day moving average price of $99.72 and a 200 day moving average price of $101.09. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $891.78 million. During the same period in the previous year, the firm earned $1.84 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. Research analysts expect that EnerSys will post 8.86 EPS for the current year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. EnerSys’s payout ratio is 13.60%.

Wall Street Analyst Weigh In

ENS has been the subject of a number of research analyst reports. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Mkm reissued a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.00.

Insider Buying and Selling

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. This represents a 7.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO David M. Shaffer sold 17,600 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. This trade represents a 7.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock valued at $2,271,843 over the last 90 days. Company insiders own 1.61% of the company’s stock.

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.