Ameritas Investment Partners Inc. Sells 201 Shares of EnerSys (NYSE:ENS)

Ameritas Investment Partners Inc. lowered its stake in shares of EnerSys (NYSE:ENS) by 1.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,993 shares of the industrial products company’s stock after selling 201 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in EnerSys were worth $1,227,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd boosted 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 last quarter. Principal Securities Inc. acquired a new stake in EnerSys during the 4th quarter worth $52,000. Arlington Trust Co LLC bought a new stake in shares of EnerSys during the 4th quarter valued at $157,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of EnerSys during the 4th quarter valued at $157,000. Finally, TFO Wealth Partners LLC lifted its stake in shares of 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 valued at $202,000 after purchasing an additional 2,067 shares during the period. Institutional investors own 94.93% of the company’s stock.

EnerSys Trading Up 1.3 %

Shares of ENS stock traded up $1.46 on Tuesday, hitting $110.19. The stock had a trading volume of 262,328 shares, compared to its average volume of 242,148. The firm has a market cap of $4.43 billion, a P/E ratio of 16.82, a PEG ratio of 0.67 and a beta of 1.28. EnerSys has a twelve month low of $83.27 and a twelve month high of $111.42. 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 company has a fifty day moving average price of $104.08 and a two-hundred day moving average price of $97.09.

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

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, June 14th. EnerSys’s dividend payout ratio (DPR) is presently 13.85%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com upgraded EnerSys from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 9th. BTIG Research cut EnerSys from a “buy” rating to a “neutral” rating in a research note on Friday, May 24th.

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.