Martingale Asset Management L P Has $4.26 Million Holdings in EnerSys (NYSE:ENS)

Martingale Asset Management L P lifted its position in shares of EnerSys (NYSE:ENS) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,741 shares of the industrial products company’s stock after purchasing an additional 792 shares during the quarter. Martingale Asset Management L P owned approximately 0.10% of EnerSys worth $4,260,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of EnerSys during the 2nd quarter worth approximately $25,000. UMB Bank n.a. boosted its stake in EnerSys by 36.2% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in EnerSys by 141.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after buying an additional 224 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in EnerSys in the 2nd quarter valued at $41,000. Finally, Mather Group LLC. boosted its stake in EnerSys by 250.5% in the 2nd quarter. Mather Group LLC. now owns 701 shares of the industrial products company’s stock valued at $66,000 after buying an additional 501 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. StockNews.com lowered 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 research note on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Two 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.00.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.61% of the stock is currently owned by corporate insiders.

EnerSys Price Performance

EnerSys stock opened at $96.84 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. The firm has a market cap of $3.86 billion, a P/E ratio of 13.72, a P/E/G ratio of 0.60 and a beta of 1.24. The business’s fifty day moving average is $99.26 and its two-hundred day moving average is $101.05. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping 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%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.84 earnings per share. Equities research analysts forecast that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

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