American Century Companies Inc. Cuts Stock Holdings in EnerSys (NYSE:ENS)

American Century Companies Inc. trimmed its stake in EnerSys (NYSE:ENS - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,068 shares of the industrial products company's stock after selling 43,705 shares during the period. American Century Companies Inc. owned 1.09% of EnerSys worth $39,659,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. R Squared Ltd bought a new position in EnerSys in the fourth quarter worth about $47,000. Millburn Ridgefield Corp purchased a new position in shares of EnerSys in the 3rd quarter worth approximately $88,000. Point72 Asset Management L.P. bought a new position in shares of EnerSys during the 3rd quarter worth approximately $125,000. Parkside Financial Bank & Trust lifted its position in EnerSys by 110.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock valued at $120,000 after acquiring an additional 678 shares during the last quarter. Finally, KBC Group NV boosted its stake in EnerSys by 64.0% in the fourth quarter. KBC Group NV now owns 1,863 shares of the industrial products company's stock valued at $172,000 after acquiring an additional 727 shares in the last quarter. 94.93% of the stock is currently owned by hedge funds and other institutional investors.

EnerSys Stock Performance

ENS traded up $0.97 on Tuesday, reaching $92.55. 305,469 shares of the stock were exchanged, compared to its average volume of 277,756. The company's 50-day moving average price is $98.35 and its 200 day moving average price is $97.59. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.06 and a quick ratio of 2.00. The firm has a market capitalization of $3.65 billion, a PE ratio of 11.45, a PEG ratio of 0.57 and a beta of 1.18. EnerSys has a fifty-two week low of $88.50 and a fifty-two week high of $112.53.

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EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. As a group, sell-side analysts forecast that EnerSys will post 9.99 EPS for the current fiscal year.

EnerSys Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Friday, March 14th. EnerSys's payout ratio is presently 11.88%.

Analyst Ratings Changes

ENS has been the subject of several analyst reports. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target for the company in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, EnerSys presently has a consensus rating of "Buy" and an average target price of $117.50.

EnerSys 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.