Carolina Wealth Advisors LLC Sells 597 Shares of EnerSys (NYSE:ENS)

Carolina Wealth Advisors LLC reduced its position in EnerSys (NYSE:ENS) by 8.4% in the third quarter, Holdings Channel.com reports. The fund owned 6,479 shares of the industrial products company’s stock after selling 597 shares during the quarter. Carolina Wealth Advisors LLC’s holdings in EnerSys were worth $661,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ENS. Goldman Sachs Group Inc. raised its position in shares of EnerSys by 2.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 168,726 shares of the industrial products company’s stock worth $17,035,000 after buying an additional 3,538 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of EnerSys in the 4th quarter valued at about $416,000. Tributary Capital Management LLC boosted its position in shares of EnerSys by 10.6% during the 1st quarter. Tributary Capital Management LLC now owns 191,087 shares of the industrial products company’s stock valued at $18,050,000 after acquiring an additional 18,294 shares during the last quarter. State of Michigan Retirement System grew its holdings in shares of EnerSys by 3.1% during the first quarter. State of Michigan Retirement System now owns 9,972 shares of the industrial products company’s stock worth $942,000 after purchasing an additional 300 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV increased its position in shares of EnerSys by 20.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 7,024 shares of the industrial products company’s stock worth $663,000 after purchasing an additional 1,206 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Analysts Set New Price Targets

ENS has been the subject of a number of research reports. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com cut EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Finally, Roth Mkm restated a “buy” rating and set a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $118.00.

Insider Buying and Selling

In other EnerSys news, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the transaction, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $220,000.00. Following the completion of the sale, the vice president now directly owns 25,368 shares in the company, valued at $2,536,800. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,700 shares of company stock valued at $2,271,843 over the last three months. 1.61% of the stock is owned by company insiders.

EnerSys Trading Down 1.7 %

NYSE:ENS traded down $1.77 during trading hours on Monday, reaching $100.50. The company’s stock had a trading volume of 48,339 shares, compared to its average volume of 243,352. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.64 and a beta of 1.23. The firm has a 50-day simple moving average of $99.37 and a 200-day simple moving average of $99.92. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53.

EnerSys (NYSE:ENS) last released its earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.97 by $0.01. EnerSys had a return on equity of 19.98% and a net margin of 7.73%. The company had revenue of $852.90 million during the quarter, compared to analyst estimates of $877.52 million. During the same quarter in the previous year, the company posted $1.89 EPS. EnerSys’s revenue for the quarter was down 6.1% on a year-over-year basis. Research analysts expect that EnerSys will post 8.94 EPS for the current fiscal year.

EnerSys Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.24 dividend. This is a boost from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.96%. EnerSys’s dividend payout ratio (DPR) is currently 14.77%.

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.