Cornercap Investment Counsel Inc. Sells 5,746 Shares of EnerSys (NYSE:ENS)

Cornercap Investment Counsel Inc. cut its stake in shares of EnerSys (NYSE:ENS) by 52.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,274 shares of the industrial products company’s stock after selling 5,746 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in EnerSys were worth $538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of EnerSys in the second quarter valued at $25,000. Covestor Ltd raised its holdings in shares of EnerSys by 231.6% in the first quarter. Covestor Ltd now owns 378 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of EnerSys by 36.2% in the second 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 raised 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 last quarter. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of EnerSys in the second quarter valued at about $41,000. 94.93% of the stock is owned by institutional investors.

EnerSys Stock Performance

NYSE ENS opened at $96.13 on Friday. EnerSys has a 52-week low of $86.41 and a 52-week high of $112.53. The company has a 50-day simple moving average of $99.74 and a 200 day simple moving average of $100.99. 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 company has a market capitalization of $3.83 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.61 and a beta of 1.24.

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, topping analysts’ consensus estimates 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 the consensus estimate of $891.78 million. During the same quarter last year, the company posted $1.84 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, research analysts predict that EnerSys will post 8.86 EPS for the current year.

EnerSys Announces Dividend

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 of this dividend 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 is presently 13.60%.

Insiders Place Their Bets

In other EnerSys news, VP Joern Tinnemeyer sold 2,200 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $100.00, for a total transaction of $220,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO David M. Shaffer sold 2,400 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the transaction, the chief executive officer now owns 244,140 shares of the company’s stock, valued at $24,414,000. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,700 shares of company stock worth $2,271,843 over the last quarter. 1.61% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ENS. StockNews.com downgraded shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 15th. Roth Mkm reiterated a “buy” rating and issued a $120.00 target price on shares of EnerSys in a report on Monday, September 23rd. Finally, Roth Capital upgraded 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, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.