Teacher Retirement System of Texas Sells 31,104 Shares of EnerSys (NYSE:ENS)

Teacher Retirement System of Texas lessened its holdings in shares of EnerSys (NYSE:ENS) by 22.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 104,564 shares of the industrial products company’s stock after selling 31,104 shares during the quarter. Teacher Retirement System of Texas’ holdings in EnerSys were worth $9,665,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in EnerSys during the fourth quarter valued at approximately $47,000. Millburn Ridgefield Corp bought a new position in EnerSys during the third quarter valued at approximately $88,000. Proficio Capital Partners LLC acquired a new position in EnerSys during the fourth quarter valued at approximately $105,000. Parkside Financial Bank & Trust grew its holdings in EnerSys by 110.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company’s stock valued at $120,000 after purchasing an additional 678 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in EnerSys during the third quarter valued at approximately $125,000. Institutional investors own 94.93% of the company’s stock.

EnerSys Trading Down 0.8 %

Shares of EnerSys stock opened at $96.46 on Friday. The company’s fifty day simple moving average is $98.44 and its 200-day simple moving average is $97.70. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.57 and a beta of 1.18. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69. EnerSys has a 1 year low of $88.50 and a 1 year high of $112.53.

EnerSys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, sell-side analysts expect that EnerSys will post 9.99 EPS for the current year.

EnerSys Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. EnerSys’s payout ratio is 11.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Friday, December 6th. Oppenheimer upgraded EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 price target on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $117.50.

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.