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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its position in Enersys by 74.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 68,542 shares of the industrial products company's stock worth $6,339,000 after purchasing an additional 29,268 shares during the period. Perpetual Ltd boosted its position in Enersys by 14.1% during the 1st quarter. Perpetual Ltd now owns 4,841 shares of the industrial products company's stock worth $443,000 after purchasing an additional 600 shares during the period. Advisor Resource Council purchased a new stake in Enersys during the 1st quarter worth $1,263,000. QRG Capital Management Inc. boosted its position in Enersys by 23.1% during the 1st quarter. QRG Capital Management Inc. now owns 7,046 shares of the industrial products company's stock worth $645,000 after purchasing an additional 1,323 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position 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 purchasing an additional 1,165 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, CFO Andrea J. Funk bought 315 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was acquired at an average cost 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. This represents a 0.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Shawn M. O'connell purchased 475 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were acquired at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the completion of the transaction, the chief executive officer owned 43,030 shares in the company, valued at $3,604,192.80. The trade was a 1.12% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,085 shares of company stock valued at $89,726. Insiders own 0.91% of the company's stock.

Enersys Stock Performance

ENS traded down $1.13 on Friday, hitting $87.67. 307,124 shares of the company's stock were exchanged, compared to its average volume of 321,709. The stock has a fifty day moving average of $88.54 and a two-hundred day moving average of $91.86. Enersys has a twelve month low of $76.57 and a twelve month high of $112.53. The firm has a market cap of $3.44 billion, a PE ratio of 9.73, a P/E/G ratio of 0.51 and a beta of 1.07. The company has a current ratio of 2.70, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56.

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 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 business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $2.08 earnings per share. On average, research analysts anticipate that Enersys will post 9.99 earnings per share for the current fiscal year.

Enersys Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date was Friday, June 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.10%. Enersys's payout ratio is 10.65%.

Enersys Company 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.