New South Capital Management Inc. Decreases Stake in Enersys (NYSE:ENS)

New South Capital Management Inc. lessened its stake in Enersys (NYSE:ENS - Free Report) by 5.7% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 504,009 shares of the industrial products company's stock after selling 30,298 shares during the period. Enersys comprises approximately 2.2% of New South Capital Management Inc.'s portfolio, making the stock its 17th largest position. New South Capital Management Inc. owned 1.28% of Enersys worth $46,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ENS. Allspring Global Investments Holdings LLC grew its position in Enersys by 74.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock valued at $6,339,000 after acquiring an additional 29,268 shares in the last quarter. Perpetual Ltd boosted its stake in shares of Enersys by 14.1% in the first quarter. Perpetual Ltd now owns 4,841 shares of the industrial products company's stock valued at $443,000 after purchasing an additional 600 shares during the period. Advisor Resource Council acquired a new position in shares of Enersys in the first quarter valued at approximately $1,263,000. QRG Capital Management Inc. grew its holdings in shares of Enersys by 23.1% in the first quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock valued at $645,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Enersys by 11.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 11,760 shares of the industrial products company's stock worth $1,077,000 after buying an additional 1,165 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Analyst Upgrades and Downgrades

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

Enersys Stock Up 0.3%

Enersys stock traded up $0.24 during trading on Thursday, reaching $90.22. The stock had a trading volume of 372,971 shares, compared to its average volume of 318,754. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. Enersys has a 52-week low of $76.57 and a 52-week high of $112.53. The stock has a market cap of $3.54 billion, a PE ratio of 10.01, a P/E/G ratio of 0.51 and a beta of 1.07. The business has a 50 day moving average price of $88.34 and a 200 day moving average price of $91.99.

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

Enersys Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Friday, June 13th. Enersys's dividend payout ratio (DPR) is 10.65%.

Insider Activity at Enersys

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