New England Research & Management Inc. Sells 3,850 Shares of EnerSys (NYSE:ENS)

New England Research & Management Inc. lessened its holdings in EnerSys (NYSE:ENS) by 48.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,125 shares of the industrial products company’s stock after selling 3,850 shares during the quarter. New England Research & Management Inc.’s holdings in EnerSys were worth $381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ENS. Peregrine Asset Advisers Inc. lifted its holdings in EnerSys by 2.0% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock worth $705,000 after purchasing an additional 137 shares in the last quarter. Uncommon Cents Investing LLC raised its holdings in shares of EnerSys by 4.6% in the 4th quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 150 shares in the last quarter. Carolina Wealth Advisors LLC raised its holdings in shares of EnerSys by 2.6% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock valued at $614,000 after acquiring an additional 169 shares in the last quarter. Aurora Investment Counsel raised its holdings in shares of EnerSys by 0.9% in the 3rd quarter. Aurora Investment Counsel now owns 20,116 shares of the industrial products company’s stock valued at $2,053,000 after acquiring an additional 180 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of EnerSys by 6.5% in the 3rd quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 183 shares in the last quarter. Institutional investors own 94.93% of the company’s stock.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total value 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 $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.61% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ENS. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, EnerSys currently has a consensus rating of “Buy” and an average price target of $117.50.

EnerSys Price Performance

ENS opened at $97.30 on Thursday. The stock’s 50 day simple moving average is $94.90 and its 200 day simple moving average is $98.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 0.56 and a beta of 1.22.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. The firm had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.84 earnings per share. As a group, analysts predict that EnerSys will post 9.83 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, December 13th. EnerSys’s payout ratio is 13.60%.

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.