Tributary Capital Management LLC Has $21.32 Million Position in Enersys (NYSE:ENS)

Tributary Capital Management LLC decreased its stake in shares of Enersys (NYSE:ENS - Free Report) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,795 shares of the industrial products company's stock after selling 6,970 shares during the period. Enersys comprises about 1.9% of Tributary Capital Management LLC's investment portfolio, making the stock its 16th biggest holding. Tributary Capital Management LLC owned about 0.59% of Enersys worth $21,319,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ENS. Hillsdale Investment Management Inc. grew its stake in Enersys by 0.3% in the 4th quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company's stock valued at $3,526,000 after buying an additional 100 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Enersys by 25.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock worth $46,000 after acquiring an additional 100 shares during the last quarter. Aquatic Capital Management LLC grew its holdings in shares of Enersys by 2.5% during the fourth quarter. Aquatic Capital Management LLC now owns 5,433 shares of the industrial products company's stock worth $502,000 after buying an additional 133 shares in the last quarter. Victory Capital Management Inc. boosted its position in Enersys by 1.0% during the first quarter. Victory Capital Management Inc. now owns 13,463 shares of the industrial products company's stock valued at $1,233,000 after purchasing an additional 135 shares during the last quarter. Finally, Mariner LLC raised its stake in Enersys by 3.4% in the 4th quarter. Mariner LLC now owns 4,460 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 147 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Shawn M. O'connell purchased 475 shares of the business's stock in a transaction dated Friday, May 30th. The stock was acquired at an average price of $83.76 per share, with a total value of $39,786.00. Following the purchase, the chief executive officer directly owned 43,030 shares of the company's stock, valued at $3,604,192.80. This represents a 1.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Andrea J. Funk acquired 315 shares of the company'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 transaction, the chief financial officer owned 50,645 shares in the company, valued at $4,061,729. This represents a 0.63% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,085 shares of company stock worth $89,726. 0.91% of the stock is owned by company insiders.

Enersys Trading Down 1.0%

Shares of Enersys stock traded down $0.89 on Friday, hitting $88.63. 259,142 shares of the company traded hands, compared to its average volume of 323,826. The stock's 50 day moving average price is $88.12 and its 200-day moving average price is $91.64. The company has a market cap of $3.47 billion, a PE ratio of 9.84, a PEG ratio of 0.51 and a beta of 1.07. Enersys has a 52 week low of $76.57 and a 52 week 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.

Enersys (NYSE:ENS - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The industrial products company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.78 by $0.19. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The business had revenue of $974.80 million for the quarter, compared to analyst estimates of $973.45 million. During the same period in the previous year, the company earned $2.08 earnings per share. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Equities research 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. Shareholders of record on Friday, June 13th were paid a $0.24 dividend. 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 (DPR) is 10.65%.

Analysts Set New Price Targets

Several research firms recently issued reports on ENS. Wall Street Zen upgraded shares of Enersys from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Roth Capital restated a "buy" rating on shares of Enersys in a report on Thursday, May 22nd. Finally, Roth Mkm reiterated a "buy" rating and set a $120.00 price target on shares of Enersys in a research note 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.