KLP Kapitalforvaltning AS Buys Shares of 8,300 EnerSys (NYSE:ENS)

KLP Kapitalforvaltning AS bought a new position in EnerSys (NYSE:ENS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,300 shares of the industrial products company's stock, valued at approximately $767,000.

A number of other hedge funds have also added to or reduced their stakes in ENS. Hillsdale Investment Management Inc. grew its position in shares of EnerSys by 0.3% during the 4th quarter. Hillsdale Investment Management Inc. now owns 38,150 shares of the industrial products company's stock valued at $3,526,000 after acquiring an additional 100 shares during the period. Uncommon Cents Investing LLC grew its holdings in EnerSys by 4.6% during the fourth quarter. Uncommon Cents Investing LLC now owns 3,400 shares of the industrial products company's stock valued at $314,000 after purchasing an additional 150 shares during the period. Carolina Wealth Advisors LLC increased its position in EnerSys by 2.6% in the fourth quarter. Carolina Wealth Advisors LLC now owns 6,648 shares of the industrial products company's stock worth $614,000 after buying an additional 169 shares in the last quarter. Aurora Investment Counsel raised its stake in shares of EnerSys by 0.9% in the fourth quarter. Aurora Investment Counsel now owns 20,289 shares of the industrial products company's stock worth $1,875,000 after buying an additional 173 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of EnerSys by 6.5% in the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company's stock worth $307,000 after purchasing an additional 183 shares during the period. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently weighed in on ENS shares. Oppenheimer raised shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Friday, January 17th. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. One equities research 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 company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $117.50.

EnerSys Price Performance

Shares of NYSE ENS traded down $9.76 during mid-day trading on Thursday, hitting $83.26. 498,245 shares of the company's stock traded hands, compared to its average volume of 278,789. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. EnerSys has a 1 year low of $83.06 and a 1 year high of $112.53. The company's 50-day moving average is $98.21 and its two-hundred day moving average is $97.56. The company has a market capitalization of $3.28 billion, a P/E ratio of 10.30, a PEG ratio of 0.57 and a beta of 1.18.

EnerSys (NYSE:ENS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, equities analysts anticipate that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's dividend payout ratio (DPR) is 11.88%.

EnerSys Company Profile

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.