EnerSys (NYSE:ENS) Shares Acquired by Peregrine Asset Advisers Inc.

Peregrine Asset Advisers Inc. increased its position in shares of EnerSys (NYSE:ENS) by 2.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,905 shares of the industrial products company’s stock after acquiring an additional 137 shares during the period. Peregrine Asset Advisers Inc.’s holdings in EnerSys were worth $705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of EnerSys in the second quarter valued at approximately $25,000. Covestor Ltd grew its stake in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 264 shares in the last quarter. UMB Bank n.a. increased its position in shares of EnerSys by 36.2% during the second 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 during the period. GAMMA Investing LLC raised its stake in shares of EnerSys by 141.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in EnerSys in the second quarter valued at $41,000. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Trading Up 1.8 %

Shares of ENS stock opened at $97.44 on Monday. The firm’s 50-day simple moving average is $99.79 and its 200-day simple moving average is $100.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.70 and a quick ratio of 1.66. EnerSys has a 1-year low of $83.27 and a 1-year high of $112.53. The firm has a market cap of $3.92 billion, a P/E ratio of 13.80, a PEG ratio of 0.63 and a beta of 1.24.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 20.25% and a net margin of 8.25%. The company had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same period in the prior year, the firm posted $1.84 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts forecast that EnerSys will post 8.93 EPS for the current year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Friday, December 13th. EnerSys’s dividend payout ratio (DPR) is 13.60%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ENS shares. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Finally, StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, EnerSys presently has an average rating of “Moderate Buy” and an average price target of $118.00.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 2,400 shares of EnerSys stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, VP Joern Tinnemeyer sold 2,200 shares of the business’s stock in a transaction 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO David M. Shaffer sold 2,400 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was 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 owns 244,140 shares of the company’s stock, valued at approximately $24,414,000. This trade represents a 0.00 % decrease in their position. 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 in the last three months. Corporate insiders own 1.61% of the company’s stock.

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.