Carolina Wealth Advisors LLC Sells 3,970 Shares of Enersys (NYSE:ENS)

Carolina Wealth Advisors LLC cut its stake in shares of Enersys (NYSE:ENS - Free Report) by 59.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,678 shares of the industrial products company's stock after selling 3,970 shares during the quarter. Carolina Wealth Advisors LLC's holdings in Enersys were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ENS. Ieq Capital LLC purchased a new stake in Enersys during the fourth quarter valued at about $203,000. Proficio Capital Partners LLC bought a new position in shares of Enersys during the 4th quarter valued at about $105,000. Versor Investments LP purchased a new position in shares of Enersys during the 4th quarter valued at about $227,000. Parkside Financial Bank & Trust lifted its position in Enersys by 110.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after buying an additional 678 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Enersys by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock worth $56,338,000 after buying an additional 15,133 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

Enersys Trading Up 3.4%

NYSE:ENS traded up $2.95 during mid-day trading on Tuesday, reaching $88.72. 476,147 shares of the company's stock traded hands, compared to its average volume of 315,883. The company has a 50 day moving average price of $87.99 and a 200-day moving average price of $92.04. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 0.50 and a beta of 1.08. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.70 and a quick ratio of 1.74. Enersys has a 12-month low of $76.57 and a 12-month high of $112.53.

Enersys (NYSE:ENS - Get Free Report) last posted its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.19. The firm had revenue of $974.80 million for the quarter, compared to analysts' expectations of $973.45 million. Enersys had a return on equity of 22.12% and a net margin of 10.05%. The business's revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.08 earnings per share. On average, sell-side analysts predict that Enersys will post 9.99 earnings per share for the current year.

Enersys Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a $0.24 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. Enersys's dividend payout ratio is 10.65%.

Analysts Set New Price Targets

Several research firms have weighed in on ENS. Roth Capital reissued a "buy" rating on shares of Enersys in a research note on Thursday, May 22nd. Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a research note on Sunday. Finally, Roth Mkm restated a "buy" rating and set a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th.

Insider Transactions at Enersys

In related news, CFO Andrea J. Funk purchased 315 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of $80.20 per share, with a total value of $25,263.00. Following the completion of the purchase, the chief financial officer directly owned 50,645 shares in the company, valued at approximately $4,061,729. This represents a 0.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Shawn M. O'connell acquired 475 shares of the stock in a transaction on Friday, May 30th. The stock was bought at an average price of $83.76 per share, with a total value of $39,786.00. Following the completion of the acquisition, the chief executive officer directly owned 43,030 shares of the company's stock, valued at $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 1,085 shares of company stock worth $89,726 in the last ninety days. Insiders own 0.91% of the company's stock.

Enersys Company 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.