Tributary Capital Management LLC Increases Holdings in EnerSys (NYSE:ENS)

Tributary Capital Management LLC boosted its holdings in shares of EnerSys (NYSE:ENS) by 25.9% during the fourth quarter, Holdings Channel reports. The firm owned 239,765 shares of the industrial products company’s stock after acquiring an additional 49,392 shares during the quarter. EnerSys makes up about 1.7% of Tributary Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Tributary Capital Management LLC’s holdings in EnerSys were worth $22,161,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Peregrine Asset Advisers Inc. increased its holdings in EnerSys by 2.0% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock valued at $705,000 after purchasing an additional 137 shares during the period. Aurora Investment Counsel boosted its position in EnerSys by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after acquiring an additional 139 shares in the last quarter. Uncommon Cents Investing LLC boosted its position in EnerSys by 4.6% during the 4th quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 150 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in EnerSys by 2.6% during the 4th quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock valued at $614,000 after acquiring an additional 169 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in EnerSys by 6.5% during the 3rd quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after acquiring an additional 183 shares in the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.61% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ENS. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. 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. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $117.50.

EnerSys Price Performance

Shares of ENS opened at $99.55 on Friday. The firm has a market cap of $3.96 billion, a PE ratio of 14.10, a P/E/G 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 firm has a fifty day simple moving average of $94.75 and a two-hundred day simple moving average of $98.46. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53.

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

EnerSys Announces Dividend

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

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.