Silver Lake Advisory LLC Decreases Stake in EnerSys (NYSE:ENS)

Silver Lake Advisory LLC decreased its holdings in EnerSys (NYSE:ENS) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,172 shares of the industrial products company’s stock after selling 952 shares during the quarter. Silver Lake Advisory LLC’s holdings in EnerSys were worth $2,789,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Shellback Capital LP acquired a new position in shares of EnerSys during the 2nd quarter worth $14,012,000. AQR Capital Management LLC lifted its position in shares of EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock valued at $94,022,000 after acquiring an additional 133,211 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of EnerSys during the 3rd quarter worth approximately $9,438,000. Deprince Race & Zollo Inc. increased its stake in EnerSys by 16.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock valued at $66,919,000 after purchasing an additional 92,398 shares in the last quarter. Finally, Barclays PLC raised its holdings in EnerSys by 87.2% during the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company’s stock worth $18,788,000 after purchasing an additional 85,742 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ENS. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target for the company in a research report on Friday, January 17th. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $117.50.

EnerSys Stock Performance

NYSE ENS opened at $100.06 on Friday. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market cap 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 fifty-two week low of $86.41 and a fifty-two week high of $112.53. The business has a fifty day moving average of $94.68 and a 200-day moving average of $98.46.

EnerSys (NYSE:ENS) last released its 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 net margin of 8.25% and a return on equity of 20.04%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.84 EPS. As a group, analysts predict that EnerSys will post 9.83 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, December 13th. EnerSys’s dividend payout ratio is presently 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.