Schwab Charles Investment Management Inc. Decreases Holdings in EnerSys (ENS)

Schwab Charles Investment Management Inc. trimmed its holdings in EnerSys (NYSE:ENS) by 3.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 366,026 shares of the industrial products company’s stock after selling 13,236 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.87% of EnerSys worth $25,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Strs Ohio raised its position in shares of EnerSys by 6.5% during the 2nd quarter. Strs Ohio now owns 6,600 shares of the industrial products company’s stock valued at $478,000 after buying an additional 400 shares during the period. Great West Life Assurance Co. Can raised its position in EnerSys by 3.5% in the second quarter. Great West Life Assurance Co. Can now owns 26,923 shares of the industrial products company’s stock valued at $1,949,000 after purchasing an additional 904 shares during the period. Retirement Systems of Alabama raised its position in EnerSys by 4.0% in the second quarter. Retirement Systems of Alabama now owns 95,127 shares of the industrial products company’s stock valued at $6,892,000 after purchasing an additional 3,654 shares during the period. Canada Pension Plan Investment Board raised its position in EnerSys by 36.4% in the second quarter. Canada Pension Plan Investment Board now owns 89,500 shares of the industrial products company’s stock valued at $6,484,000 after purchasing an additional 23,900 shares during the period. Finally, Arizona State Retirement System raised its position in EnerSys by 1.1% in the second quarter. Arizona State Retirement System now owns 18,300 shares of the industrial products company’s stock valued at $1,326,000 after purchasing an additional 200 shares during the period. 97.25% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Todd M. Sechrist sold 7,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $66.50, for a total transaction of $498,750.00. Following the completion of the transaction, the insider now owns 61,182 shares in the company, valued at $4,068,603. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

A number of analysts have issued reports on the company. Zacks Investment Research lowered EnerSys from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Oppenheimer reissued a “buy” rating and issued a $77.00 target price (down previously from $82.00) on shares of EnerSys in a research report on Wednesday, November 1st. Sidoti upgraded shares of EnerSys from a “neutral” rating to a “buy” rating and set a $83.00 price target for the company in a research note on Thursday, August 17th. ValuEngine downgraded shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Finally, BidaskClub downgraded shares of EnerSys from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. EnerSys presently has an average rating of “Hold” and a consensus price target of $80.00.

EnerSys (NYSE:ENS) traded down $0.21 during trading hours on Thursday, hitting $67.86. 286,100 shares of the company’s stock traded hands, compared to its average volume of 263,033. The firm has a market capitalization of $2,867.45, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 2.48 and a beta of 1.68. The company has a current ratio of 3.43, a quick ratio of 2.49 and a debt-to-equity ratio of 0.64. EnerSys has a fifty-two week low of $61.33 and a fifty-two week high of $84.74.

EnerSys (NYSE:ENS) last posted its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.01. The business had revenue of $617.30 million during the quarter, compared to the consensus estimate of $603.54 million. EnerSys had a net margin of 6.64% and a return on equity of 18.17%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 earnings per share. research analysts expect that EnerSys will post 4.58 earnings per share for the current fiscal year.

EnerSys announced that its Board of Directors has authorized a share repurchase plan on Wednesday, November 8th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.175 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.03%. EnerSys’s payout ratio is currently 19.07%.

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EnerSys Company Profile

EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.

Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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