New York State Common Retirement Fund lessened its holdings in Enersys (NYSE:ENS – Free Report) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,383 shares of the industrial products company’s stock after selling 4,151 shares during the period. New York State Common Retirement Fund owned about 0.29% of Enersys worth $12,356,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in ENS. United Services Automobile Association bought a new stake in Enersys during the first quarter worth $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Enersys by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 113,770 shares of the industrial products company’s stock worth $10,419,000 after purchasing an additional 9,737 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Enersys by 17.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 15,471 shares of the industrial products company’s stock worth $1,327,000 after buying an additional 2,248 shares during the last quarter. KLP Kapitalforvaltning AS boosted its position in Enersys by 9.2% in the second quarter. KLP Kapitalforvaltning AS now owns 8,300 shares of the industrial products company’s stock worth $712,000 after purchasing an additional 700 shares during the last quarter. Finally, Johnson Investment Counsel Inc. grew its position in Enersys by 6.7% during the second quarter. Johnson Investment Counsel Inc. now owns 2,806 shares of the industrial products company’s stock valued at $241,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.
Enersys Stock Up 3.3%
ENS opened at $186.19 on Tuesday. The firm has a 50 day moving average price of $156.15 and a 200-day moving average price of $126.93. The stock has a market capitalization of $6.87 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.17 and a beta of 1.10. The company has a quick ratio of 1.73, a current ratio of 2.77 and a debt-to-equity ratio of 0.63. Enersys has a twelve month low of $76.57 and a twelve month high of $186.62.
Enersys Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a $0.2625 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.05 dividend on an annualized basis and a dividend yield of 0.6%. Enersys’s dividend payout ratio (DPR) is presently 12.28%.
Insider Buying and Selling
In related news, insider Chad C. Uplinger sold 6,702 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $151.46, for a total value of $1,015,084.92. Following the completion of the sale, the insider directly owned 23,713 shares in the company, valued at $3,591,570.98. This trade represents a 22.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Wall Street Zen cut shares of Enersys from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Oppenheimer reissued an “outperform” rating on shares of Enersys in a research note on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Enersys in a research report on Tuesday, January 27th. Zacks Research cut shares of Enersys from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, BTIG Research raised shares of Enersys from a “neutral” rating to a “buy” rating in a research note on Monday, December 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.00.
Get Our Latest Stock Analysis on ENS
About Enersys
Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.
The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.
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