Silver Lake Advisory LLC Grows Position in EnerSys (NYSE:ENS)

Silver Lake Advisory LLC raised its holdings in EnerSys (NYSE:ENS) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,886 shares of the industrial products company’s stock after purchasing an additional 260 shares during the period. Silver Lake Advisory LLC owned 0.08% of EnerSys worth $3,197,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ENS. Thurston Springer Miller Herd & Titak Inc. purchased a new position in EnerSys in the 2nd quarter valued at approximately $25,000. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 94 shares in the last quarter. Covestor Ltd raised its stake in shares of EnerSys by 231.6% during the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC raised its stake in shares of EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 224 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys during the 2nd quarter worth about $41,000. Institutional investors own 94.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ENS shares. Roth Capital raised EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 24th. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, EnerSys presently has an average rating of “Moderate Buy” and an average target price of $118.00.

Insiders Place Their Bets

In other news, insider Chad C. Uplinger sold 500 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total transaction of $50,435.00. Following the transaction, the insider now directly owns 17,175 shares in the company, valued at approximately $1,732,442.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chad C. Uplinger sold 500 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares of the company’s stock, valued at approximately $1,732,442.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. The disclosure for this sale can be found here. Insiders sold a total of 22,700 shares of company stock valued at $2,271,843 over the last 90 days. Insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

NYSE:ENS opened at $101.58 on Friday. EnerSys has a twelve month low of $83.27 and a twelve month high of $112.53. The company has a quick ratio of 1.66, a current ratio of 2.70 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.09 billion, a P/E ratio of 15.63, a PEG ratio of 0.62 and a beta of 1.24. The business’s 50-day moving average price is $100.02 and its two-hundred day moving average price is $98.93.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.01. The business had revenue of $852.90 million during 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 revenue for the quarter 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. As a group, equities analysts predict that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.24 per share. This is an increase from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, September 16th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. EnerSys’s dividend payout ratio (DPR) is presently 14.77%.

EnerSys 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.