EnerSys (NYSE:ENS) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its stake in shares of EnerSys (NYSE:ENS) by 31.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,714 shares of the industrial products company’s stock after selling 6,309 shares during the period. Tidal Investments LLC’s holdings in EnerSys were worth $1,400,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its position in EnerSys by 36.2% during the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after buying an additional 94 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of EnerSys during the 2nd quarter worth $41,000. Millburn Ridgefield Corp purchased a new position in shares of EnerSys during the 3rd quarter worth $88,000. Point72 Asset Management L.P. acquired a new position in shares of EnerSys during the 3rd quarter valued at about $125,000. Finally, Innealta Capital LLC purchased a new stake in shares of EnerSys in the second quarter valued at about $131,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Trading Up 2.9 %

NYSE ENS opened at $94.16 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The stock has a market capitalization of $3.75 billion, a P/E ratio of 13.34, a PEG ratio of 0.60 and a beta of 1.22. The firm’s 50-day moving average is $97.70 and its two-hundred day moving average is $100.34. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53.

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

EnerSys Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.02%. EnerSys’s dividend payout ratio is presently 13.60%.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the completion of the transaction, the chief executive officer now owns 206,724 shares in the company, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.61% of the company’s stock.

Wall Street Analysts Forecast Growth

ENS has been the topic of a number of analyst reports. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, EnerSys has an average rating of “Buy” and a consensus target price of $118.00.

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.