GAMMA Investing LLC cut its stake in EnerSys (NYSE:ENS – Free Report) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 350 shares of the industrial products company’s stock after selling 114 shares during the quarter. GAMMA Investing LLC’s holdings in EnerSys were worth $32,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. raised its stake in EnerSys by 246.8% in the 2nd quarter. American Century Companies Inc. now owns 264,247 shares of the industrial products company’s stock worth $27,355,000 after purchasing an additional 188,053 shares in the last quarter. Shellback Capital LP acquired a new position in EnerSys during the second quarter valued at approximately $14,012,000. AQR Capital Management LLC raised its holdings 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 worth $94,022,000 after buying an additional 133,211 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of EnerSys in the third quarter worth about $9,438,000. Finally, Deprince Race & Zollo Inc. lifted 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 during the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.
EnerSys Trading Up 1.2 %
Shares of ENS opened at $92.51 on Wednesday. The firm has a market cap of $3.68 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 0.58 and a beta of 1.22. 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 business has a 50-day moving average of $94.90 and a 200 day moving average of $98.68. EnerSys has a fifty-two week low of $86.41 and a fifty-two week high of $112.53.
EnerSys Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.04%. EnerSys’s dividend payout ratio is presently 13.60%.
Insider Activity
In other EnerSys news, CEO David M. Shaffer sold 20,000 shares of the stock in a transaction on Monday, November 25th. The shares were 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 of the company’s stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.61% of the company’s stock.
Analysts Set New Price Targets
Several research firms recently commented on ENS. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Roth Mkm reaffirmed a “buy” rating and set a $120.00 target price on shares of EnerSys in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, EnerSys currently has a consensus rating of “Buy” and a consensus price target of $120.00.
View Our Latest Analysis on EnerSys
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.
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