Tidal Investments LLC Reduces Position in EnerSys (NYSE:ENS)

Tidal Investments LLC trimmed its holdings in shares of EnerSys (NYSE:ENS) by 8.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,608 shares of the industrial products company’s stock after selling 2,123 shares during the period. Tidal Investments LLC owned approximately 0.05% of EnerSys worth $2,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ENS. Covestor Ltd lifted its stake in shares of EnerSys by 231.6% in the 1st 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 period. Principal Securities Inc. purchased a new stake in EnerSys in the 4th quarter worth $52,000. Arlington Trust Co LLC purchased a new stake in EnerSys in the 4th quarter worth $157,000. MeadowBrook Investment Advisors LLC purchased a new stake in EnerSys in the 4th quarter worth $157,000. Finally, TFO Wealth Partners LLC increased its holdings in EnerSys by 103,350.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,069 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 2,067 shares in the last quarter. 94.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ENS has been the subject of a number of research reports. StockNews.com lowered shares of EnerSys from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. BTIG Research lowered shares of EnerSys from a “buy” rating to a “neutral” rating in a report on Friday, May 24th.

EnerSys Trading Down 4.0 %

NYSE ENS traded down $4.24 during trading hours on Friday, reaching $101.10. The company had a trading volume of 15,323 shares, compared to its average volume of 240,131. The stock has a 50-day moving average of $105.63 and a 200 day moving average of $97.67. EnerSys has a 1-year low of $83.27 and a 1-year high of $112.53. The company has a current ratio of 2.46, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $4.07 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 0.70 and a beta of 1.28.

EnerSys (NYSE:ENS) last issued its quarterly earnings results on Wednesday, May 22nd. The industrial products company reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.06. The business had revenue of $910.70 million for the quarter, compared to analysts’ expectations of $893.64 million. EnerSys had a net margin of 7.51% and a return on equity of 20.21%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. As a group, research analysts anticipate that EnerSys will post 8.74 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.90 annualized dividend and a yield of 0.89%. EnerSys’s dividend payout ratio (DPR) is 13.85%.

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.