Wedge Capital Management L L P NC Decreases Holdings in EnerSys (NYSE:ENS)

Wedge Capital Management L L P NC trimmed its stake in EnerSys (NYSE:ENS) by 8.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,917 shares of the industrial products company’s stock after selling 3,579 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.10% of EnerSys worth $4,074,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of EnerSys in the 2nd quarter worth approximately $25,000. UMB Bank n.a. lifted its position in shares of EnerSys by 36.2% during the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after buying an additional 94 shares during the last quarter. Covestor Ltd grew 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 worth $36,000 after acquiring an additional 264 shares during the period. GAMMA Investing LLC grew 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 worth $40,000 after acquiring an additional 224 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in EnerSys in the 2nd quarter worth about $41,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now owns 25,368 shares of the company’s stock, valued at $2,536,800. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $220,000.00. Following the transaction, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock valued at $2,271,843 over the last three months. 1.61% of the stock is owned by corporate insiders.

EnerSys Stock Down 2.3 %

Shares of NYSE:ENS opened at $101.61 on Wednesday. The firm has a fifty day moving average price of $98.87 and a two-hundred day moving average price of $99.74. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 15.63, a PEG ratio of 0.64 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. EnerSys has a one year low of $83.27 and a one year high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings data 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 company had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.89 earnings per share. Analysts anticipate that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.24 dividend. This is an increase from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Monday, September 16th. EnerSys’s dividend payout ratio (DPR) is currently 14.77%.

Wall Street Analyst Weigh In

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

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.