Cubist Systematic Strategies LLC Sells 4,037 Shares of EnerSys (NYSE:ENS)

Cubist Systematic Strategies LLC cut its stake in shares of EnerSys (NYSE:ENS – Get Rating) by 28.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,936 shares of the industrial products company’s stock after selling 4,037 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in EnerSys were worth $578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of ENS. Meeder Asset Management Inc. lifted its position in EnerSys by 65.9% during the second quarter. Meeder Asset Management Inc. now owns 486 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 193 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in shares of EnerSys during the third quarter worth approximately $37,000. Ellevest Inc. raised its stake in shares of EnerSys by 102.0% during the third quarter. Ellevest Inc. now owns 895 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 452 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of EnerSys during the first quarter worth approximately $60,000. Finally, Covestor Ltd raised its stake in shares of EnerSys by 58.2% during the first quarter. Covestor Ltd now owns 930 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 342 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

EnerSys Stock Down 3.9 %

Shares of NYSE ENS opened at $83.53 on Monday. The company has a quick ratio of 1.54, a current ratio of 2.79 and a debt-to-equity ratio of 0.72. EnerSys has a 52 week low of $55.60 and a 52 week high of $94.32. The firm’s fifty day moving average is $84.47 and its 200 day moving average is $73.61. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.22 and a beta of 1.37.

EnerSys (NYSE:ENS – Get Rating) last issued its earnings results on Wednesday, February 8th. The industrial products company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. EnerSys had a net margin of 3.81% and a return on equity of 13.30%. The company had revenue of $920.20 million for the quarter, compared to the consensus estimate of $926.36 million. During the same period in the previous year, the firm earned $1.01 earnings per share. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities research analysts expect that EnerSys will post 4.89 earnings per share for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 17th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, March 16th. EnerSys’s payout ratio is currently 20.96%.

Wall Street Analysts Forecast Growth

ENS has been the topic of several research reports. BTIG Research lifted their price target on shares of EnerSys to $85.00 in a research note on Wednesday, November 16th. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 16th. Finally, TheStreet raised shares of EnerSys from a “c+” rating to a “b-” rating in a research note on Tuesday, November 22nd.

EnerSys Profile

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EnerSys engages in the provision of stored energy solutions for industrial applications. It operates through the following segments: Energy Systems, Motive Power, and Specialty. The Energy Systems segment combines enclosures, power conversion, power distribution, and energy storage used in the telecommunication, broadband, and utility industries.