Kovitz Investment Group Partners LLC Acquires 9,609 Shares of EnerSys (NYSE:ENS)

Kovitz Investment Group Partners LLC boosted its holdings in shares of EnerSys (NYSE:ENS) by 10.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,515 shares of the industrial products company’s stock after purchasing an additional 9,609 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in EnerSys were worth $10,662,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ENS. UMB Bank n.a. boosted its holdings in shares of EnerSys by 36.2% during 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 last quarter. GAMMA Investing LLC grew its holdings in EnerSys by 141.8% during the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the industrial products company’s stock valued at $40,000 after buying an additional 224 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in EnerSys in the 2nd quarter worth approximately $41,000. Millburn Ridgefield Corp purchased a new stake in shares of EnerSys during the 3rd quarter worth approximately $88,000. Finally, CWM LLC boosted its position in shares of EnerSys by 198.8% during the 2nd quarter. CWM LLC now owns 995 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 662 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO David M. Shaffer sold 20,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $100.01, for a total value of $2,000,200.00. Following the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ENS shares. Roth Mkm restated a “buy” rating and issued a $120.00 price target on shares of EnerSys in a research report on Monday, September 23rd. StockNews.com upgraded shares of EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $118.00.

EnerSys Stock Performance

NYSE:ENS opened at $94.71 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.87 and a current ratio of 2.97. The stock’s fifty day moving average is $98.73 and its 200 day moving average is $101.03. The firm has a market capitalization of $3.77 billion, a PE ratio of 13.42, a PEG ratio of 0.61 and a beta of 1.22. EnerSys has a fifty-two week low of $86.41 and a fifty-two week high of $112.53.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share 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 business 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 firm posted $1.84 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts anticipate that EnerSys will post 8.86 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.24 per share. The ex-dividend date is Friday, December 13th. This represents a $0.96 annualized dividend and a dividend yield of 1.01%. EnerSys’s dividend payout ratio (DPR) is presently 13.60%.

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.