JPMorgan Chase & Co. Trims Stock Holdings in EnerSys (NYSE:ENS)

JPMorgan Chase & Co. lowered its holdings in EnerSys (NYSE:ENS) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 140,374 shares of the industrial products company’s stock after selling 1,398 shares during the period. JPMorgan Chase & Co. owned about 0.35% of EnerSys worth $14,325,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new stake in EnerSys during the second quarter valued at approximately $41,000. Millburn Ridgefield Corp acquired a new stake in shares of EnerSys during the 3rd quarter worth approximately $88,000. Point72 Asset Management L.P. acquired a new stake in shares of EnerSys during the 3rd quarter worth approximately $125,000. CWM LLC raised its position in shares of EnerSys by 48.6% during the 3rd quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 484 shares during the period. Finally, nVerses Capital LLC acquired a new stake in shares of EnerSys during the 3rd quarter worth approximately $184,000. Hedge funds and other institutional investors own 94.93% of the company’s stock.

EnerSys Stock Down 3.0 %

ENS opened at $89.50 on Friday. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a market cap of $3.56 billion, a P/E ratio of 12.68, a P/E/G ratio of 0.58 and a beta of 1.22. The stock’s 50 day moving average price is $95.18 and its 200 day moving average price is $98.91.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 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 firm 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 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.07%. The ex-dividend date was Friday, December 13th. EnerSys’s dividend payout ratio is currently 13.60%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, EnerSys presently has a consensus rating of “Buy” and an average target price of $120.00.

Insider Activity at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The stock was 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 directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.61% of the stock is owned by insiders.

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.