EnerSys (NYSE:ENS) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA lessened its position in shares of EnerSys (NYSE:ENS) by 1.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 167,314 shares of the industrial products company’s stock after selling 2,327 shares during the period. Glenmede Trust Co. NA’s holdings in EnerSys were worth $17,074,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ENS. BNP Paribas Financial Markets grew its stake in shares of EnerSys by 38.7% during the third quarter. BNP Paribas Financial Markets now owns 43,519 shares of the industrial products company’s stock worth $4,441,000 after purchasing an additional 12,145 shares in the last quarter. FMR LLC boosted its position in shares of EnerSys by 41.6% during the 3rd quarter. FMR LLC now owns 137,003 shares of the industrial products company’s stock worth $13,981,000 after acquiring an additional 40,220 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of EnerSys by 8.7% in the 3rd quarter. Fisher Asset Management LLC now owns 425,285 shares of the industrial products company’s stock valued at $43,400,000 after acquiring an additional 34,173 shares during the last quarter. Algert Global LLC raised its position in shares of EnerSys by 6.3% during the 3rd quarter. Algert Global LLC now owns 46,271 shares of the industrial products company’s stock worth $4,722,000 after acquiring an additional 2,750 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in EnerSys by 99.2% in the third quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company’s stock valued at $4,942,000 after purchasing an additional 24,123 shares in the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EnerSys

In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.61% of the company’s stock.

EnerSys Stock Down 0.7 %

ENS stock opened at $96.26 on Friday. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a fifty day moving average price of $99.39 and a 200 day moving average price of $101.09. 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 12 month low of $86.41 and a 12 month high of $112.53.

EnerSys (NYSE:ENS) last announced 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 business had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. During the same period in the prior year, the company earned $1.84 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts expect that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have weighed in on ENS shares. Roth Mkm reissued a “buy” rating and set a $120.00 price objective on shares of EnerSys in a report on Monday, September 23rd. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Capital upgraded EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, EnerSys currently has an average rating of “Moderate Buy” and an average price target of $118.00.

EnerSys Company 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.