GAMMA Investing LLC Increases Stock Position in EnerSys (NYSE:ENS)

GAMMA Investing LLC raised its holdings in EnerSys (NYSE:ENS - Free Report) by 35,119.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,267 shares of the industrial products company's stock after buying an additional 122,917 shares during the period. GAMMA Investing LLC owned approximately 0.31% of EnerSys worth $11,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Vanguard Group Inc. raised its holdings in shares of EnerSys by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 4,667,056 shares of the industrial products company's stock valued at $431,376,000 after purchasing an additional 90,670 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of EnerSys by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,477,667 shares of the industrial products company's stock valued at $136,583,000 after purchasing an additional 13,104 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of EnerSys by 1.1% in the 4th quarter. Janus Henderson Group PLC now owns 1,322,767 shares of the industrial products company's stock valued at $122,262,000 after purchasing an additional 13,786 shares in the last quarter. Deprince Race & Zollo Inc. raised its holdings in shares of EnerSys by 13.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,028,027 shares of the industrial products company's stock valued at $95,021,000 after purchasing an additional 121,758 shares in the last quarter. Finally, Boston Partners raised its holdings in shares of EnerSys by 47.1% in the 4th quarter. Boston Partners now owns 845,496 shares of the industrial products company's stock valued at $78,801,000 after purchasing an additional 270,726 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

Wall Street Analysts Forecast Growth

ENS has been the topic of several research analyst reports. Roth Mkm reiterated a "buy" rating and set a $120.00 price target on shares of EnerSys in a research note on Wednesday, May 14th. Roth Capital reiterated a "buy" rating on shares of EnerSys in a research note on Thursday, May 22nd.

EnerSys Stock Up 0.2%

NYSE:ENS traded up $0.18 during midday trading on Wednesday, hitting $89.82. 563,980 shares of the company were exchanged, compared to its average volume of 305,891. The company has a fifty day simple moving average of $87.18 and a 200 day simple moving average of $93.07. EnerSys has a fifty-two week low of $76.57 and a fifty-two week high of $112.53. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.52 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 0.57 and a beta of 1.08.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, beating analysts' consensus estimates of $2.78 by $0.19. The company had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. EnerSys's quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 earnings per share. As a group, equities analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.24 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.07%. EnerSys's dividend payout ratio is presently 10.65%.

Insider Buying and Selling at EnerSys

In other news, CEO Shawn M. O'connell bought 475 shares of the stock in a transaction dated Friday, May 30th. The shares were acquired 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 now directly owns 43,030 shares in the company, valued at approximately $3,604,192.80. The trade was a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Andrea J. Funk bought 315 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the acquisition, the chief financial officer now owns 50,645 shares of the company's stock, valued at approximately $4,061,729. This represents a 0.63% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 1,085 shares of company stock worth $89,726. 1.61% of the stock is owned by company insiders.

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.