Healthcare of Ontario Pension Plan Trust Fund Grows Stock Position in EnerSys (NYSE:ENS)

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in EnerSys (NYSE:ENS) by 9.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 46,318 shares of the industrial products company’s stock after purchasing an additional 3,835 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in EnerSys were worth $4,727,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of EnerSys in the 2nd quarter valued at $25,000. UMB Bank n.a. lifted its position in EnerSys by 36.2% in the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after buying an additional 94 shares during the last quarter. GAMMA Investing LLC boosted its stake in EnerSys by 141.8% during the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of EnerSys during the second quarter valued at about $41,000. Finally, Mather Group LLC. raised its stake in shares of EnerSys by 250.5% in the 2nd quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock valued at $66,000 after acquiring an additional 501 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ENS. Roth Capital upgraded shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. StockNews.com cut 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 target price on shares of EnerSys in a research note on Monday, September 23rd. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $118.00.

EnerSys Price Performance

EnerSys stock opened at $96.84 on Friday. 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 has a 52-week low of $86.41 and a 52-week high of $112.53. The firm has a market cap of $3.86 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The company’s 50 day moving average is $99.26 and its two-hundred day moving average is $101.05.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $891.78 million. During the same period last year, the firm earned $1.84 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts expect that EnerSys will post 8.86 EPS for the current fiscal 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. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio is presently 13.60%.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.