Lingohr Asset Management GmbH Invests $737,000 in EnerSys (NYSE:ENS)

Lingohr Asset Management GmbH purchased a new position in EnerSys (NYSE:ENS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,221 shares of the industrial products company’s stock, valued at approximately $737,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of EnerSys by 36.2% in 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 in the last quarter. Peregrine Asset Advisers Inc. lifted its holdings in EnerSys by 2.0% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock worth $705,000 after buying an additional 137 shares during the last quarter. Aurora Investment Counsel boosted its position in shares of EnerSys by 0.7% during the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock worth $2,064,000 after acquiring an additional 139 shares in the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of EnerSys by 2.4% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,191 shares of the industrial products company’s stock valued at $744,000 after acquiring an additional 167 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of EnerSys by 1.5% during the 3rd quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company’s stock worth $1,320,000 after acquiring an additional 185 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

EnerSys Price Performance

Shares of NYSE:ENS opened at $96.18 on Tuesday. EnerSys has a one year low of $86.41 and a one year high of $112.53. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 0.60 and a beta of 1.24. The company has a 50-day simple moving average of $99.75 and a 200-day simple moving average of $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 (NYSE:ENS) last posted its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million during the quarter, compared to the consensus estimate of $891.78 million. During the same period in the prior year, the business earned $1.84 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be paid 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 currently 13.60%.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 2,400 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 244,140 shares of the company’s stock, valued at $24,414,000. This trade represents a 0.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Chad C. Uplinger sold 500 shares of EnerSys stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $100.87, for a total value of $50,435.00. Following the completion of the sale, the insider now owns 17,175 shares in the company, valued at approximately $1,732,442.25. This trade represents a 2.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,700 shares of company stock worth $2,271,843. 1.61% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have commented on ENS. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 15th. Roth Mkm reaffirmed a “buy” rating and issued a $120.00 target price on shares of EnerSys in a research report on Monday, September 23rd. Finally, Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two 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’s stock. According to data from MarketBeat, the stock has an average 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.