Tributary Capital Management LLC Raises Position in EnerSys (NYSE:ENS)

Tributary Capital Management LLC raised its stake in EnerSys (NYSE:ENS) by 25.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 239,765 shares of the industrial products company’s stock after purchasing an additional 49,392 shares during the quarter. EnerSys accounts for about 1.7% of Tributary Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Tributary Capital Management LLC owned approximately 0.60% of EnerSys worth $22,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ENS. Mercer Global Advisors Inc. ADV raised its stake in shares of EnerSys by 11.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 5,822 shares of the industrial products company’s stock worth $603,000 after purchasing an additional 594 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of EnerSys by 15.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,852 shares of the industrial products company’s stock valued at $399,000 after acquiring an additional 520 shares during the last quarter. XTX Topco Ltd increased its position in shares of EnerSys by 16.9% during the second quarter. XTX Topco Ltd now owns 3,127 shares of the industrial products company’s stock valued at $324,000 after acquiring an additional 452 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of EnerSys during the second quarter valued at approximately $41,000. Finally, Bank of Montreal Can increased its position in EnerSys by 729.2% in the second quarter. Bank of Montreal Can now owns 59,937 shares of the industrial products company’s stock worth $6,251,000 after buying an additional 52,709 shares during the last quarter. 94.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of EnerSys stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the sale, the chief executive officer now owns 206,724 shares of the company’s stock, valued at approximately $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.61% of the stock is owned by corporate insiders.

EnerSys Price Performance

EnerSys stock opened at $99.55 on Friday. EnerSys has a one year low of $86.41 and a one year high of $112.53. The business has a fifty day moving average price of $94.75 and a 200-day moving average price of $98.46. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 1.87. The firm has a market capitalization of $3.96 billion, a P/E ratio of 14.10, a PEG ratio of 0.56 and a beta of 1.22.

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, beating the consensus estimate of $2.07 by $0.05. The company had revenue of $883.70 million during the quarter, compared to analyst estimates of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.84 earnings per share. As a group, equities research analysts forecast that EnerSys will post 9.83 EPS for the current year.

EnerSys Dividend Announcement

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

Wall Street Analyst Weigh In

ENS has been the subject of a number of recent research reports. Oppenheimer raised EnerSys from a “market perform” rating to an “outperform” rating and set a $115.00 target price for the company in a research report on Friday, January 17th. StockNews.com raised EnerSys from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 6th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, EnerSys currently has an average rating of “Buy” and a consensus target price of $117.50.

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.