Lightrock Netherlands B.V. Invests $11.97 Million in EnerSys (NYSE:ENS)

Lightrock Netherlands B.V. acquired a new stake in EnerSys (NYSE:ENS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 128,850 shares of the industrial products company's stock, valued at approximately $11,969,000. EnerSys makes up approximately 4.2% of Lightrock Netherlands B.V.'s investment portfolio, making the stock its 5th largest holding. Lightrock Netherlands B.V. owned approximately 0.32% of EnerSys as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trust Point Inc. raised its holdings in shares of EnerSys by 10.3% during the 4th quarter. Trust Point Inc. now owns 7,526 shares of the industrial products company's stock valued at $696,000 after buying an additional 702 shares during the period. R Squared Ltd purchased a new stake in shares of EnerSys during the 4th quarter valued at about $47,000. KBC Group NV raised its holdings in shares of EnerSys by 64.0% during the 4th quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after buying an additional 727 shares during the period. Tributary Capital Management LLC raised its holdings in shares of EnerSys by 25.9% during the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company's stock valued at $22,161,000 after buying an additional 49,392 shares during the period. Finally, Inspire Investing LLC raised its holdings in shares of EnerSys by 7.0% during the 4th quarter. Inspire Investing LLC now owns 4,333 shares of the industrial products company's stock valued at $400,000 after buying an additional 283 shares during the period. 94.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ENS. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price on the stock in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $117.50.

EnerSys Stock Down 2.9 %

Shares of ENS traded down $3.01 during trading on Friday, reaching $99.07. The company's stock had a trading volume of 484,341 shares, compared to its average volume of 294,545. The company has a fifty day moving average of $95.27 and a two-hundred day moving average of $97.56. EnerSys has a twelve month low of $88.50 and a twelve month high of $112.53. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 0.55 and a beta of 1.22. The company has a quick ratio of 1.87, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

EnerSys (NYSE:ENS - Get Free Report) last announced its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, sell-side analysts predict that EnerSys will post 9.78 EPS for the current fiscal year.

EnerSys Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, March 14th. EnerSys's dividend payout ratio is currently 11.88%.

Insider Activity at EnerSys

In related news, CEO David M. Shaffer sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 206,724 shares of the company's stock, valued at approximately $20,674,467.24. This represents a 8.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.61% of the company's stock.

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.