Tidal Investments LLC Sells 3,424 Shares of EnerSys (NYSE:ENS)

Tidal Investments LLC lessened its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,290 shares of the industrial products company's stock after selling 3,424 shares during the period. Tidal Investments LLC's holdings in EnerSys were worth $951,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ENS. Charles Schwab Investment Management Inc. increased its stake in shares of EnerSys by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock valued at $56,338,000 after buying an additional 15,133 shares during the period. LPL Financial LLC boosted its holdings in EnerSys by 37.0% in the fourth quarter. LPL Financial LLC now owns 13,322 shares of the industrial products company's stock valued at $1,231,000 after acquiring an additional 3,601 shares in the last quarter. EntryPoint Capital LLC purchased a new position in EnerSys during the 4th quarter valued at $389,000. Janney Montgomery Scott LLC raised its holdings in EnerSys by 12.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company's stock worth $1,618,000 after purchasing an additional 1,876 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of EnerSys by 13.7% in the 4th quarter. Cetera Investment Advisers now owns 8,274 shares of the industrial products company's stock worth $765,000 after purchasing an additional 997 shares during the period. Hedge funds and other institutional investors own 94.93% of the company's stock.

EnerSys Stock Down 0.2%

NYSE ENS traded down $0.14 during trading hours on Friday, reaching $83.84. 75,986 shares of the company's stock traded hands, compared to its average volume of 296,251. EnerSys has a 52-week low of $76.57 and a 52-week high of $112.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The firm has a 50-day simple moving average of $88.11 and a 200 day simple moving average of $93.69. The firm has a market cap of $3.29 billion, a PE ratio of 10.39, a PEG ratio of 0.57 and a beta of 1.13.

EnerSys (NYSE:ENS - Get Free Report) last released its earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.19. The firm had revenue of $974.80 million during the quarter, compared to analyst estimates of $973.45 million. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. The business's revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $2.08 earnings per share. Sell-side 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 will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.15%. EnerSys's payout ratio is presently 10.65%.

Insider Transactions at EnerSys

In other EnerSys news, CFO Andrea J. Funk bought 315 shares of the business's stock in a transaction on Friday, May 23rd. The shares were acquired at an average cost of $80.20 per share, for a total transaction of $25,263.00. Following the purchase, the chief financial officer now owns 50,645 shares in the company, valued at approximately $4,061,729. This trade represents a 0.63% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.61% of the stock is owned by insiders.

Analyst Ratings Changes

ENS has been the topic of several research analyst reports. Roth Capital reiterated a "buy" rating on shares of EnerSys in a research report on Thursday, May 22nd. Roth Mkm reissued a "buy" rating and issued a $120.00 target price on shares of EnerSys in a research report on Wednesday, May 14th.

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.