EnerSys (NYSE:ENS) Shares Sold by Silver Lake Advisory LLC

Silver Lake Advisory LLC lowered its holdings in EnerSys (NYSE:ENS) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,172 shares of the industrial products company’s stock after selling 952 shares during the quarter. Silver Lake Advisory LLC owned about 0.08% of EnerSys worth $2,789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV raised its stake in EnerSys by 11.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,822 shares of the industrial products company’s stock worth $603,000 after acquiring an additional 594 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of EnerSys by 15.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,852 shares of the industrial products company’s stock worth $399,000 after purchasing an additional 520 shares during the last quarter. XTX Topco Ltd increased its position in shares of EnerSys by 16.9% during the second quarter. XTX Topco Ltd now owns 3,127 shares of the industrial products company’s stock worth $324,000 after purchasing an additional 452 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of EnerSys in the 2nd quarter valued at about $915,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of EnerSys in the 2nd quarter valued at about $41,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

Insider Transactions at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.61% of the company’s stock.

Analysts Set New Price Targets

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

EnerSys Stock Performance

NYSE ENS opened at $100.06 on Friday. The firm has a market cap of $3.98 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.56 and a beta of 1.22. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The business’s 50-day moving average price is $94.68 and its 200 day moving average price is $98.46. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

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

EnerSys Dividend Announcement

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

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.