EnerSys (NYSE:ENS) Shares Sold by Glenmede Trust Co. NA

Glenmede Trust Co. NA decreased its holdings in EnerSys (NYSE:ENS) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 167,314 shares of the industrial products company’s stock after selling 2,327 shares during the period. Glenmede Trust Co. NA owned approximately 0.42% of EnerSys worth $17,074,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ENS. Price T Rowe Associates Inc. MD increased its holdings in shares of EnerSys by 14.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock valued at $4,255,000 after purchasing an additional 5,682 shares during the last quarter. Comerica Bank raised its holdings in shares of EnerSys by 12.1% during the 1st quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock worth $5,367,000 after acquiring an additional 6,133 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of EnerSys by 2,444.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after acquiring an additional 45,881 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 purchasing an additional 224 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in EnerSys during the second quarter worth about $25,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the sale, the chief executive officer now directly owns 206,724 shares of the company’s stock, valued at $20,674,467.24. This represents a 8.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.61% of the company’s stock.

EnerSys Price Performance

EnerSys stock opened at $96.26 on Friday. The company’s 50 day simple moving average is $99.39 and its 200-day simple moving average is $101.09. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. EnerSys has a 1 year low of $86.41 and a 1 year high of $112.53. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 13.63, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24.

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

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.00%. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

Analyst Ratings Changes

ENS has been the subject of several analyst reports. StockNews.com cut shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm reiterated a “buy” rating and issued a $120.00 price objective on shares of EnerSys in a research report on Monday, September 23rd. Finally, Roth Capital raised EnerSys to a “strong-buy” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, EnerSys currently has a consensus rating of “Moderate Buy” and a consensus price target of $118.00.

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.