Heritage Family Offices LLP Invests $232,000 in EnerSys (NYSE:ENS)

Heritage Family Offices LLP purchased a new stake in shares of EnerSys (NYSE:ENS) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 2,506 shares of the industrial products company’s stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ENS. Peregrine Asset Advisers Inc. boosted its holdings in shares of EnerSys by 2.0% during the third quarter. Peregrine Asset Advisers Inc. now owns 6,905 shares of the industrial products company’s stock valued at $705,000 after acquiring an additional 137 shares during the period. Aurora Investment Counsel lifted its position in EnerSys by 0.7% in the 2nd quarter. Aurora Investment Counsel now owns 19,936 shares of the industrial products company’s stock valued at $2,064,000 after purchasing an additional 139 shares during the last quarter. Carolina Wealth Advisors LLC grew its position in EnerSys by 2.6% in the 4th quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company’s stock worth $614,000 after purchasing an additional 169 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of EnerSys by 6.5% in the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company’s stock valued at $307,000 after purchasing an additional 183 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of EnerSys by 1.5% during the third quarter. Victory Capital Management Inc. now owns 12,932 shares of the industrial products company’s stock valued at $1,320,000 after buying an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

Insiders Place Their Bets

In other news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction that occurred on 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 of the company’s stock, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.61% of the company’s stock.

EnerSys Trading Up 0.6 %

Shares of EnerSys stock opened at $94.37 on Friday. The business has a fifty day simple moving average of $94.61 and a 200-day simple moving average of $98.57. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of 0.51 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. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

EnerSys (NYSE:ENS) last released its earnings results 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 net margin of 8.25% and a return on equity of 20.04%. The business had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. During the same period in the prior year, the business earned $1.84 earnings per share. The business’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that EnerSys will post 9.86 EPS for the current fiscal year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a $0.24 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.96 dividend on an annualized basis and a yield of 1.02%. EnerSys’s dividend payout ratio is currently 13.60%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ENS shares. Roth Mkm restated a “buy” rating and issued a $120.00 target price 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 note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $120.00.

EnerSys Company 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.