Teacher Retirement System of Texas Sells 66,489 Shares of Enersys (NYSE:ENS)

Teacher Retirement System of Texas reduced its stake in shares of Enersys (NYSE:ENS - Free Report) by 63.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,075 shares of the industrial products company's stock after selling 66,489 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Enersys worth $3,487,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Quarry LP boosted its stake in 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 during the last quarter. UMB Bank n.a. boosted its stake in Enersys by 197.2% in the first quarter. UMB Bank n.a. now owns 428 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 284 shares during the last quarter. Headlands Technologies LLC boosted its stake in Enersys by 937.2% in the fourth quarter. Headlands Technologies LLC now owns 446 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 403 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in Enersys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after purchasing an additional 100 shares during the period. Finally, CX Institutional acquired a new stake in Enersys in the first quarter worth $69,000. 94.93% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ENS shares. Roth Mkm reiterated a "buy" rating and issued a $120.00 target price on shares of Enersys in a report on Wednesday, May 14th. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Roth Capital restated a "buy" rating on shares of Enersys in a report on Thursday, May 22nd.

Insiders Place Their Bets

In other news, CEO Shawn M. O'connell purchased 475 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were bought at an average cost of $83.76 per share, with a total value of $39,786.00. Following the completion of the transaction, the chief executive officer directly owned 43,030 shares of the company's stock, valued at approximately $3,604,192.80. This trade represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Andrea J. Funk acquired 315 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $80.20 per share, with a total value of $25,263.00. Following the acquisition, the chief financial officer directly owned 50,645 shares of the company's stock, valued at $4,061,729. The trade was a 0.63% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 1,085 shares of company stock valued at $89,726 over the last 90 days. Corporate insiders own 0.91% of the company's stock.

Enersys Stock Performance

NYSE ENS traded up $0.78 during trading on Wednesday, reaching $88.72. The company's stock had a trading volume of 293,495 shares, compared to its average volume of 320,295. The firm has a 50 day moving average price of $88.48 and a 200 day moving average price of $91.90. Enersys has a 12 month low of $76.57 and a 12 month high of $112.53. The company has a current ratio of 2.70, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 0.50 and a beta of 1.07.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.78 by $0.19. The business had revenue of $974.80 million during 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 firm's quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.08 EPS. As a group, equities analysts anticipate that Enersys will post 9.99 EPS for the current fiscal year.

Enersys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders 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 1.08%. The ex-dividend date was Friday, June 13th. Enersys's payout ratio is 10.65%.

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.