EnerSys (NYSE:ENS) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in EnerSys (NYSE:ENS) by 11.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 330,006 shares of the industrial products company’s stock after selling 40,758 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.82% of EnerSys worth $33,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. US Bancorp DE grew its holdings in shares of EnerSys by 11.4% during the 1st quarter. US Bancorp DE now owns 5,542 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 565 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of EnerSys by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,463 shares of the industrial products company’s stock worth $1,083,000 after purchasing an additional 680 shares during the period. Vanguard Group Inc. grew its holdings in shares of EnerSys by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 4,396,164 shares of the industrial products company’s stock worth $415,262,000 after purchasing an additional 60,021 shares during the period. Covestor Ltd grew its holdings 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 purchasing an additional 264 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in shares of EnerSys by 2.2% during the 1st quarter. Clearbridge Investments LLC now owns 165,889 shares of the industrial products company’s stock worth $15,670,000 after purchasing an additional 3,572 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

EnerSys Stock Performance

Shares of EnerSys stock opened at $94.14 on Wednesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The business has a 50-day moving average of $99.72 and a 200 day moving average of $101.09. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53.

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

EnerSys Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio is currently 13.60%.

Insider Buying and Selling at EnerSys

In other news, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $220,000.00. Following the sale, the vice president now owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. This trade represents a 7.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Chad C. Uplinger sold 500 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $100.87, for a total value 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 trade represents a 2.83 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock valued at $2,271,843 in the last quarter. Corporate insiders own 1.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ENS. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Capital upgraded EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Roth Mkm restated a “buy” rating and set a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EnerSys presently has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.