Enersys (NYSE:ENS) Shares Sold by Skylands Capital LLC

Skylands Capital LLC cut its stake in shares of Enersys (NYSE:ENS - Free Report) by 11.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,055 shares of the industrial products company's stock after selling 8,925 shares during the period. Skylands Capital LLC owned about 0.18% of Enersys worth $6,324,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quarry LP lifted its position in shares of Enersys by 153.4% in the fourth quarter. Quarry LP now owns 337 shares of the industrial products company's stock valued at $31,000 after acquiring an additional 204 shares in the last quarter. UMB Bank n.a. increased its stake in Enersys by 197.2% during the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock worth $39,000 after acquiring an additional 284 shares during the last quarter. Headlands Technologies LLC increased its stake in Enersys by 937.2% during the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock worth $41,000 after acquiring an additional 403 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Enersys by 25.0% during the fourth 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. Finally, CX Institutional bought a new position in shares of Enersys during the first quarter valued at approximately $69,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

Enersys Stock Up 3.5%

Enersys stock traded up $2.99 during mid-day trading on Tuesday, reaching $88.76. 161,465 shares of the company were exchanged, compared to its average volume of 374,880. Enersys has a 12-month low of $76.57 and a 12-month high of $112.53. The business has a fifty day moving average of $87.99 and a 200 day moving average of $92.04. 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 $3.48 billion, a P/E ratio of 9.85, a PEG ratio of 0.50 and a beta of 1.08.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 EPS for the quarter, beating the consensus estimate of $2.78 by $0.19. Enersys had a return on equity of 22.12% and a net margin of 10.05%. The firm had revenue of $974.80 million during the quarter, compared to analyst estimates of $973.45 million. During the same quarter in the prior year, the business posted $2.08 EPS. The business's revenue for the quarter was up 7.0% compared to the same quarter last year. Research 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 was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.08%. Enersys's dividend payout ratio is presently 10.65%.

Insider Buying and Selling at Enersys

In other Enersys news, CEO Shawn M. O'connell acquired 475 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was purchased at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the acquisition, the chief executive officer owned 43,030 shares in the company, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrea J. Funk acquired 315 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $80.20 per share, with a total value of $25,263.00. Following the acquisition, the chief financial officer owned 50,645 shares in the company, valued at approximately $4,061,729. The trade was a 0.63% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 1,085 shares of company stock valued at $89,726. Company insiders own 0.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Roth Capital reaffirmed 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 target price on shares of Enersys in a report on Wednesday, May 14th.

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.