Enersys (NYSE:ENS) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC cut its stake in shares of Enersys (NYSE:ENS - Free Report) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 232,795 shares of the industrial products company's stock after selling 6,970 shares during the period. Enersys makes up 1.9% of Tributary Capital Management LLC's holdings, making the stock its 16th biggest holding. Tributary Capital Management LLC owned approximately 0.59% of Enersys worth $21,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Quarry LP boosted its stake 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 purchasing an additional 204 shares during the period. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 284 shares during the period. Headlands Technologies LLC boosted its stake in shares of 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 purchasing an additional 403 shares during the period. Canada Pension Plan Investment Board boosted its stake in shares of Enersys by 25.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 500 shares of the industrial products company's stock valued at $46,000 after purchasing an additional 100 shares during the period. Finally, CX Institutional purchased a new position in shares of Enersys in the first quarter valued at approximately $69,000. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ENS. Wall Street Zen raised shares of Enersys from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Roth Mkm reiterated a "buy" rating and issued a $120.00 price target on shares of Enersys in a research note on Wednesday, May 14th. Finally, Roth Capital reiterated a "buy" rating on shares of Enersys in a research note on Thursday, May 22nd.

Enersys Stock Down 1.0%

Enersys stock traded down $0.89 during trading on Friday, reaching $88.63. The stock had a trading volume of 259,142 shares, compared to its average volume of 322,540. Enersys has a 52-week low of $76.57 and a 52-week high of $112.53. The business has a 50 day moving average price of $88.21 and a 200 day moving average price of $91.67. The company has a quick ratio of 1.74, a current ratio of 2.70 and a debt-to-equity ratio of 0.56. The stock has a market cap of $3.47 billion, a PE ratio of 9.84, a P/E/G ratio of 0.50 and a beta of 1.07.

Enersys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results 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. Enersys had a net margin of 10.05% and a return on equity of 22.12%. The company had revenue of $974.80 million during the quarter, compared to the consensus estimate of $973.45 million. During the same quarter in the previous year, the firm earned $2.08 earnings per share. The firm's quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that Enersys will post 9.99 EPS for the current year.

Enersys Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were given a dividend of $0.24 per share. The ex-dividend date of this dividend 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 Activity at Enersys

In related news, CEO Shawn M. O'connell acquired 475 shares of Enersys stock in a transaction dated Friday, May 30th. The stock was acquired at an average price of $83.76 per share, for a total transaction of $39,786.00. Following the transaction, the chief executive officer owned 43,030 shares of the company's stock, valued at $3,604,192.80. This represents a 1.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andrea J. Funk acquired 315 shares of Enersys stock in a transaction dated 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 directly 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. Insiders have bought a total of 1,085 shares of company stock valued at $89,726 in the last 90 days. Insiders own 0.91% of the company's stock.

About Enersys

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.