EnerSys (NYSE:ENS) Shares Sold by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. trimmed its stake in shares of EnerSys (NYSE:ENS) by 7.0% during the fourth quarter, HoldingsChannel reports. The fund owned 45,045 shares of the industrial products company’s stock after selling 3,400 shares during the quarter. EnerSys comprises approximately 1.6% of Carmel Capital Management L.L.C.’s holdings, making the stock its 22nd largest position. Carmel Capital Management L.L.C.’s holdings in EnerSys were worth $4,164,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ENS. Mercer Global Advisors Inc. ADV lifted its position in shares of EnerSys by 11.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 5,822 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 594 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in EnerSys by 15.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,852 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 520 shares during the period. XTX Topco Ltd boosted its holdings in shares of EnerSys by 16.9% in the 2nd quarter. XTX Topco Ltd now owns 3,127 shares of the industrial products company’s stock valued at $324,000 after buying an additional 452 shares during the period. Intech Investment Management LLC acquired a new stake in EnerSys during the second quarter worth about $915,000. Finally, Canada Pension Plan Investment Board acquired a new position in EnerSys in the second quarter valued at approximately $41,000. 94.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ENS shares. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer raised shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research note on Friday, January 17th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, EnerSys has a consensus rating of “Buy” and an average price target of $117.50.

EnerSys Stock Up 0.2 %

ENS stock opened at $100.06 on Friday. The firm’s 50-day moving average is $94.68 and its two-hundred day moving average is $98.46. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. During the same period in the prior year, the firm posted $1.84 earnings per share. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, analysts forecast that EnerSys will post 9.83 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 0.96%. EnerSys’s dividend payout ratio (DPR) is 13.60%.

Insider Activity at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the company’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 directly owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.61% of the company’s stock.

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.