Mutual of America Capital Management LLC Sells 741 Shares of Enersys (NYSE:ENS)

Mutual of America Capital Management LLC lowered its position in Enersys (NYSE:ENS) by 3.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,294 shares of the industrial products company’s stock after selling 741 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.05% of Enersys worth $1,859,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Alps Advisors Inc. acquired a new stake in shares of Enersys during the 1st quarter worth about $339,000. Moloney Securities Asset Management LLC acquired a new stake in shares of Enersys during the 1st quarter worth about $257,000. Trium Capital LLP acquired a new stake in shares of Enersys during the 1st quarter worth about $355,000. Lightrock Netherlands B.V. lifted its stake in shares of Enersys by 13.1% during the 1st quarter. Lightrock Netherlands B.V. now owns 145,764 shares of the industrial products company’s stock worth $13,371,000 after buying an additional 16,914 shares during the last quarter. Finally, Carmel Capital Management L.L.C. lifted its stake in shares of Enersys by 47.2% during the 1st quarter. Carmel Capital Management L.L.C. now owns 66,295 shares of the industrial products company’s stock worth $6,071,000 after buying an additional 21,250 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Roth Mkm reissued a “buy” rating and issued a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Roth Capital reissued a “buy” rating on shares of Enersys in a report on Thursday, May 22nd. Finally, Wall Street Zen raised shares of Enersys from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 29th.

Enersys Stock Down 1.0%

Shares of NYSE ENS opened at $88.63 on Friday. The company has a market capitalization of $3.47 billion, a P/E ratio of 9.84, a price-to-earnings-growth ratio of 0.51 and a beta of 1.07. Enersys has a 52-week low of $76.57 and a 52-week high of $112.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.74 and a current ratio of 2.70. The company’s 50 day moving average price is $88.12 and its 200-day moving average price is $91.64.

Enersys (NYSE:ENS) last released its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.78 by $0.19. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The company had revenue of $974.80 million for the quarter, compared to the consensus estimate of $973.45 million. During the same quarter in the previous year, the company earned $2.08 EPS. Enersys’s quarterly revenue was up 7.0% compared to the same quarter last year. Equities analysts forecast that Enersys will post 9.99 earnings per share for the current year.

Enersys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.08%. Enersys’s dividend payout ratio (DPR) is presently 10.65%.

Insiders Place Their Bets

In other news, CEO Shawn M. O’connell bought 475 shares of Enersys stock in a transaction dated Friday, May 30th. The stock was purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the purchase, the chief executive officer directly owned 43,030 shares in the company, valued at $3,604,192.80. The trade was a 1.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrea J. Funk bought 315 shares of Enersys stock in a transaction dated Friday, May 23rd. The stock was purchased at an average price of $80.20 per share, with a total value of $25,263.00. Following the purchase, the chief financial officer owned 50,645 shares in the company, valued at approximately $4,061,729. This represents a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,085 shares of company stock valued at $89,726 in the last 90 days. 0.91% of the stock is currently owned by company insiders.

About Enersys

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.