Mendota Financial Group LLC Lowers Stock Holdings in EnerSys (NYSE:ENS)

Mendota Financial Group LLC cut its stake in shares of EnerSys (NYSE:ENS) by 21.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,291 shares of the industrial products company’s stock after selling 348 shares during the quarter. Mendota Financial Group LLC’s holdings in EnerSys were worth $119,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Canada Pension Plan Investment Board bought a new position in EnerSys during the 2nd quarter worth about $41,000. Millburn Ridgefield Corp bought a new position in EnerSys in the third quarter worth approximately $88,000. Point72 Asset Management L.P. purchased a new stake in EnerSys during the third quarter worth $125,000. CWM LLC boosted its position in EnerSys by 48.6% during the 3rd quarter. CWM LLC now owns 1,479 shares of the industrial products company’s stock valued at $151,000 after acquiring an additional 484 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of EnerSys in the 3rd quarter worth $184,000. Institutional investors own 94.93% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. Roth Mkm restated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $120.00.

EnerSys Stock Performance

Shares of ENS stock opened at $91.38 on Tuesday. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The company has a market cap of $3.64 billion, a PE ratio of 12.94, a PEG ratio of 0.58 and a beta of 1.22. EnerSys has a 12-month low of $86.41 and a 12-month high of $112.53. The business’s fifty day simple moving average is $94.90 and its 200-day simple moving average is $98.68.

EnerSys (NYSE:ENS) last released its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. The company had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.84 earnings per share. Analysts expect that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 1.05%. The ex-dividend date was Friday, December 13th. EnerSys’s dividend payout ratio is presently 13.60%.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was 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 directly owns 206,724 shares in the company, valued at $20,674,467.24. This trade 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 through the SEC website. Corporate 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.