Lingohr Asset Management GmbH Acquires Shares of 7,221 EnerSys (NYSE:ENS)

Lingohr Asset Management GmbH bought a new position in shares of EnerSys (NYSE:ENS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,221 shares of the industrial products company’s stock, valued at approximately $737,000.

Several other hedge funds have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of EnerSys during the second quarter worth approximately $25,000. Covestor Ltd grew its holdings in shares of EnerSys by 231.6% during the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. UMB Bank n.a. raised its position in shares of EnerSys by 36.2% in the second 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. GAMMA Investing LLC lifted its stake in shares of EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in EnerSys during the second quarter worth about $41,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Buying and Selling at EnerSys

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of EnerSys stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares of the company’s stock, valued at $2,536,800. The trade was a 7.98 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the insider now directly owns 17,175 shares in the company, valued at $1,732,442.25. This represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $2,271,843 over the last quarter. 1.61% of the stock is owned by company insiders.

EnerSys Price Performance

NYSE:ENS opened at $96.18 on Tuesday. The company has a market capitalization of $3.83 billion, a P/E ratio of 13.62, a P/E/G ratio of 0.60 and a beta of 1.24. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The stock’s fifty day moving average is $99.75 and its two-hundred day moving average is $101.09.

EnerSys (NYSE:ENS) last posted its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The company had revenue of $883.70 million for the quarter, compared to analysts’ expectations of $891.78 million. During the same quarter in the prior year, the company posted $1.84 earnings per share. EnerSys’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities analysts expect that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a yield of 1.00%. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.