Chesapeake Capital Corp IL Purchases 752 Shares of EnerSys (NYSE:ENS)

Chesapeake Capital Corp IL grew its stake in shares of EnerSys (NYSE:ENS) by 29.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,349 shares of the industrial products company’s stock after buying an additional 752 shares during the quarter. Chesapeake Capital Corp IL’s holdings in EnerSys were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in EnerSys in the 2nd quarter worth approximately $25,000. Covestor Ltd increased its stake in EnerSys by 231.6% in the 1st quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. UMB Bank n.a. raised its holdings in EnerSys by 36.2% during the second quarter. UMB Bank n.a. now owns 354 shares of the industrial products company’s stock valued at $37,000 after acquiring an additional 94 shares during the period. GAMMA Investing LLC lifted its position 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 bought a new stake in shares of EnerSys during the second quarter valued at approximately $41,000. 94.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 17,600 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 226,540 shares in the company, valued at $22,672,123.20. This trade represents a 7.21 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joern Tinnemeyer sold 2,200 shares of the 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 $220,000.00. Following the transaction, the vice president now owns 25,368 shares in the company, valued at $2,536,800. This trade represents a 7.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, 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 Down 1.2 %

NYSE:ENS opened at $96.13 on Monday. The firm has a market cap of $3.83 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24. The company has a 50-day moving average of $99.74 and a 200 day moving average of $101.06. EnerSys has a 1-year low of $86.41 and a 1-year high of $112.53. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a net margin of 8.25% and a return on equity of 20.04%. The firm had revenue of $883.70 million for the quarter, compared to the consensus estimate of $891.78 million. During the same quarter in the prior year, the company posted $1.84 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, research analysts anticipate that EnerSys will post 8.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.24 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a yield of 1.00%. EnerSys’s dividend payout ratio is presently 13.60%.

Analyst Upgrades and Downgrades

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