Erste Asset Management GmbH Makes New $9.44 Million Investment in EnerSys (NYSE:ENS)

Erste Asset Management GmbH acquired a new stake in 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 acquired 92,905 shares of the industrial products company’s stock, valued at approximately $9,438,000. Erste Asset Management GmbH owned about 0.23% of EnerSys at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in EnerSys in the 2nd quarter worth approximately $25,000. UMB Bank n.a. increased its stake in 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 purchasing an additional 94 shares during the last quarter. GAMMA Investing LLC lifted its position in EnerSys by 141.8% during 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 during the period. Canada Pension Plan Investment Board acquired a new stake in EnerSys in the 2nd quarter worth about $41,000. Finally, Mather Group LLC. grew its holdings 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 during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analyst Ratings Changes

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

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.61% of the company’s stock.

EnerSys Stock Up 0.4 %

ENS opened at $96.66 on Monday. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The firm has a 50 day moving average price of $99.15 and a 200 day moving average price of $101.08. 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 company has a market cap of $3.85 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24.

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

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be 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 is Friday, December 13th. EnerSys’s dividend payout ratio is presently 13.60%.

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.