Janney Montgomery Scott LLC Sells 4,279 Shares of Enersys (NYSE:ENS)

Janney Montgomery Scott LLC cut its stake in Enersys (NYSE:ENS - Free Report) by 24.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,223 shares of the industrial products company's stock after selling 4,279 shares during the period. Janney Montgomery Scott LLC's holdings in Enersys were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its holdings in shares of Enersys by 0.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company's stock valued at $3,526,000 after purchasing an additional 100 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Enersys by 25.0% in the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after buying an additional 100 shares during the last quarter. Aquatic Capital Management LLC lifted its position in Enersys by 2.5% during the 4th quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock worth $502,000 after buying an additional 133 shares in the last quarter. Mariner LLC boosted its stake in shares of Enersys by 3.4% during the 4th quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock worth $412,000 after buying an additional 147 shares during the last quarter. Finally, Aurora Investment Counsel grew its holdings in shares of Enersys by 0.9% in the 4th quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company's stock valued at $1,875,000 after acquiring an additional 173 shares in the last quarter. Institutional investors own 94.93% of the company's stock.

Insiders Place Their Bets

In other Enersys news, CEO Shawn M. O'connell purchased 475 shares of the stock in a transaction dated 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 acquisition, the chief executive officer owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Andrea J. Funk purchased 315 shares of Enersys stock in a transaction dated Friday, May 23rd. The stock was bought at an average price of $80.20 per share, for a total transaction of $25,263.00. Following the completion of the purchase, the chief financial officer owned 50,645 shares in the company, valued at $4,061,729. This represents a 0.63% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 1,085 shares of company stock valued at $89,726. Corporate insiders own 0.91% of the company's stock.

Enersys Stock Performance

Enersys stock traded down $0.90 during midday trading on Monday, reaching $85.86. 313,627 shares of the company's stock were exchanged, compared to its average volume of 315,242. Enersys has a 52 week low of $76.57 and a 52 week high of $112.53. The stock's 50-day simple moving average is $87.87 and its 200 day simple moving average is $92.09. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.74 and a current ratio of 2.70. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 9.53, a P/E/G ratio of 0.50 and a beta of 1.08.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share 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 net margin of 10.05% and a return on equity of 22.12%. The business's revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 EPS. On average, analysts expect that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Friday, June 13th. Enersys's dividend payout ratio (DPR) is currently 10.65%.

Analyst Upgrades and Downgrades

ENS has been the topic of several analyst reports. Roth Mkm reiterated a "buy" rating and set a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Wall Street Zen raised Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday. Finally, Roth Capital reissued a "buy" rating on shares of Enersys in a research note on Thursday, May 22nd.

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.