New South Capital Management Inc. Sells 9,065 Shares of EnerSys (NYSE:ENS)

New South Capital Management Inc. lowered its holdings in shares of EnerSys (NYSE:ENS) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 561,547 shares of the industrial products company’s stock after selling 9,065 shares during the period. EnerSys accounts for approximately 2.6% of New South Capital Management Inc.’s holdings, making the stock its 12th largest position. New South Capital Management Inc. owned about 1.40% of EnerSys worth $58,131,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ENS. UMB Bank n.a. boosted its stake in EnerSys by 36.2% in the 2nd quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 94 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of EnerSys by 2.9% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 4,471 shares of the industrial products company’s stock worth $422,000 after buying an additional 126 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of EnerSys by 0.3% in the first quarter. Retirement Systems of Alabama now owns 50,752 shares of the industrial products company’s stock valued at $4,794,000 after acquiring an additional 154 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of EnerSys by 2.4% in the second quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock valued at $744,000 after acquiring an additional 167 shares in the last quarter. Finally, Arizona State Retirement System increased its position in EnerSys by 1.9% during the second quarter. Arizona State Retirement System now owns 11,314 shares of the industrial products company’s stock worth $1,171,000 after acquiring an additional 211 shares during the period. Institutional investors and hedge funds own 94.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Roth Mkm started coverage on shares of EnerSys in a research report on Tuesday, August 27th. They set a “buy” rating and a $120.00 target price on the stock. StockNews.com downgraded EnerSys from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 30th. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $118.00.

Insider Activity

In related news, VP Joern Tinnemeyer sold 2,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now directly owns 25,368 shares in the company, valued at approximately $2,536,800. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO David M. Shaffer sold 17,600 shares of the company’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 completion of the transaction, the chief executive officer now owns 226,540 shares of the company’s stock, valued at $22,672,123.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joern Tinnemeyer sold 2,200 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of the transaction, the vice president now owns 25,368 shares of the company’s stock, valued at approximately $2,536,800. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,700 shares of company stock worth $2,271,843. Corporate insiders own 1.61% of the company’s stock.

EnerSys Stock Performance

NYSE ENS opened at $96.31 on Friday. The firm’s 50 day simple moving average is $101.25 and its 200 day simple moving average is $98.09. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 0.63 and a beta of 1.24. The company has a current ratio of 2.70, a quick ratio of 1.66 and a debt-to-equity ratio of 0.48. EnerSys has a 1 year low of $83.27 and a 1 year high of $112.53.

EnerSys (NYSE:ENS) last issued 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 firm had revenue of $852.90 million for the quarter, compared to the consensus estimate of $877.52 million. During the same quarter last year, the business posted $1.89 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts expect 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. Shareholders of record on Monday, September 16th will be paid a dividend of $0.24 per share. This is an increase from EnerSys’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.96 annualized dividend and a yield of 1.00%. EnerSys’s payout ratio is presently 14.77%.

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.