New South Capital Management Inc. Has $58.13 Million Position in EnerSys (NYSE:ENS)

New South Capital Management Inc. lessened its stake in EnerSys (NYSE:ENS) by 1.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 561,547 shares of the industrial products company’s stock after selling 9,065 shares during the period. EnerSys comprises about 2.6% of New South Capital Management Inc.’s investment portfolio, making the stock its 12th largest position. New South Capital Management Inc.’s holdings in EnerSys were worth $58,131,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ENS. Thurston Springer Miller Herd & Titak Inc. acquired a new position in EnerSys in the second quarter valued at $25,000. UMB Bank n.a. raised its position in shares of EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 94 shares in the last quarter. Covestor Ltd lifted its stake in shares of EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 264 shares during the period. GAMMA Investing LLC boosted its position in shares of EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in EnerSys during the fourth quarter worth approximately $52,000. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Trading Down 2.0 %

Shares of EnerSys stock opened at $96.31 on Friday. The stock has a market capitalization of $3.87 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.63 and a beta of 1.24. EnerSys has a 52 week low of $83.27 and a 52 week high of $112.53. The stock has a 50 day moving average price of $101.25 and a two-hundred day moving average price of $98.09. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.66 and a current ratio of 2.70.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, August 7th. The industrial products company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.01. The business had revenue of $852.90 million during the quarter, compared to the consensus estimate of $877.52 million. EnerSys had a net margin of 7.73% and a return on equity of 19.98%. EnerSys’s revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.89 EPS. As a group, equities analysts anticipate that EnerSys will post 8.94 earnings per share for the current fiscal year.

EnerSys Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a dividend of $0.24 per share. The ex-dividend date is Monday, September 16th. This is an increase from EnerSys’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. EnerSys’s payout ratio is presently 14.77%.

Insider Buying and Selling

In other EnerSys news, CEO David M. Shaffer sold 17,600 shares of EnerSys stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $100.08, for a total transaction of $1,761,408.00. Following the completion of the transaction, the chief executive officer now owns 226,540 shares in the company, valued at approximately $22,672,123.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO David M. Shaffer sold 17,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $100.08, for a total value of $1,761,408.00. Following the transaction, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the transaction, the chief executive officer now directly owns 244,140 shares in the company, valued at approximately $24,414,000. The disclosure for this sale can be found here. Insiders have sold 22,700 shares of company stock worth $2,271,843 in the last quarter. Insiders own 1.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th. BTIG Research cut shares of EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Finally, Roth Mkm began coverage on shares of EnerSys in a research note on Tuesday, August 27th. They issued a “buy” rating and a $120.00 price target for the company. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, EnerSys has an average rating of “Moderate Buy” and a consensus price target of $118.00.

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.