EnerSys (NYSE:ENS) Shares Sold by Carmel Capital Management L.L.C.

Carmel Capital Management L.L.C. trimmed its position in shares of EnerSys (NYSE:ENS) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,045 shares of the industrial products company’s stock after selling 3,400 shares during the quarter. EnerSys accounts for approximately 1.6% of Carmel Capital Management L.L.C.’s portfolio, making the stock its 22nd largest holding. Carmel Capital Management L.L.C. owned about 0.11% of EnerSys worth $4,164,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Inspire Investing LLC raised its stake in shares of EnerSys by 7.0% during the 4th quarter. Inspire Investing LLC now owns 4,333 shares of the industrial products company’s stock worth $400,000 after buying an additional 283 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of EnerSys by 12.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company’s stock valued at $1,618,000 after buying an additional 1,876 shares in the last quarter. Perpetual Ltd raised its position in EnerSys by 88.5% during the fourth quarter. Perpetual Ltd now owns 4,241 shares of the industrial products company’s stock worth $392,000 after acquiring an additional 1,991 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in shares of EnerSys by 4.6% during the 4th quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 150 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new position in EnerSys during the fourth quarter worth $232,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Trading Up 0.2 %

Shares of ENS opened at $100.06 on Friday. EnerSys has a twelve month low of $86.41 and a twelve month high of $112.53. The firm has a market capitalization of $3.98 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.56 and a beta of 1.22. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. The stock’s fifty day simple moving average is $94.68 and its 200 day simple moving average is $98.46.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million for the quarter, compared to analyst estimates of $891.78 million. During the same quarter last year, the firm posted $1.84 earnings per share. EnerSys’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts forecast that EnerSys will post 9.83 earnings per share for the current year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date was Friday, December 13th. EnerSys’s dividend payout ratio is presently 13.60%.

Insider Activity

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.61% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on ENS shares. Oppenheimer upgraded shares of EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price on the stock in a report on Friday, January 17th. StockNews.com raised shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $117.50.

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.