EnerSys (NYSE:ENS) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC lessened its holdings in shares of EnerSys (NYSE:ENS) by 26.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,200 shares of the industrial products company’s stock after selling 3,300 shares during the period. Tributary Capital Management LLC’s holdings in EnerSys were worth $599,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ENS. Retirement Systems of Alabama grew its position in EnerSys by 2.5% in the 1st quarter. Retirement Systems of Alabama now owns 56,038 shares of the industrial products company’s stock worth $3,651,000 after purchasing an additional 1,390 shares in the last quarter. Louisiana State Employees Retirement System grew its position in EnerSys by 2.7% in the 1st quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the industrial products company’s stock worth $749,000 after purchasing an additional 300 shares in the last quarter. Chartwell Investment Partners LLC grew its position in EnerSys by 42.2% in the 1st quarter. Chartwell Investment Partners LLC now owns 41,346 shares of the industrial products company’s stock worth $2,694,000 after purchasing an additional 12,278 shares in the last quarter. Copper Rock Capital Partners LLC bought a new stake in EnerSys in the 1st quarter worth about $13,098,000. Finally, Roubaix Capital LLC bought a new stake in EnerSys in the 1st quarter worth about $2,446,000. Institutional investors own 96.70% of the company’s stock.

In other news, insider Todd M. Sechrist sold 24,039 shares of the firm’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $70.58, for a total value of $1,696,672.62. Following the completion of the sale, the insider now directly owns 41,244 shares of the company’s stock, valued at approximately $2,911,001.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

ENS traded up $0.16 during trading on Friday, hitting $65.73. 335,509 shares of the stock traded hands, compared to its average volume of 328,835. The stock has a market capitalization of $2.82 billion, a P/E ratio of 14.14, a PEG ratio of 1.07 and a beta of 1.32. The company has a quick ratio of 2.00, a current ratio of 2.91 and a debt-to-equity ratio of 0.83. EnerSys has a 12-month low of $62.37 and a 12-month high of $89.83.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.07). The firm had revenue of $680.00 million for the quarter, compared to analysts’ expectations of $685.80 million. EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.25 EPS. Sell-side analysts expect that EnerSys will post 4.93 EPS for the current fiscal year.

ENS has been the subject of a number of recent analyst reports. ValuEngine raised shares of EnerSys from a “hold” rating to a “buy” rating in a research report on Saturday, January 19th. Zacks Investment Research cut shares of EnerSys from a “buy” rating to a “hold” rating in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. EnerSys presently has an average rating of “Buy” and a consensus price target of $93.55.

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EnerSys Profile

EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.

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Institutional Ownership by Quarter for EnerSys (NYSE:ENS)

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