California Public Employees Retirement System Sells 6,783 Shares of EnerSys (NYSE:ENS)

California Public Employees Retirement System cut its stake in EnerSys (NYSE:ENS - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 72,245 shares of the industrial products company's stock after selling 6,783 shares during the quarter. California Public Employees Retirement System owned 0.18% of EnerSys worth $6,678,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its holdings in EnerSys by 41.6% in the third quarter. FMR LLC now owns 137,003 shares of the industrial products company's stock worth $13,981,000 after purchasing an additional 40,220 shares during the period. Captrust Financial Advisors raised its stake in EnerSys by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 4,040 shares of the industrial products company's stock worth $412,000 after buying an additional 227 shares during the period. Point72 Asset Management L.P. bought a new position in EnerSys during the third quarter worth about $125,000. Quantinno Capital Management LP grew its stake in EnerSys by 6.5% in the third quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company's stock valued at $307,000 after acquiring an additional 183 shares during the period. Finally, Stifel Financial Corp grew its stake in EnerSys by 7.1% in the third quarter. Stifel Financial Corp now owns 9,563 shares of the industrial products company's stock valued at $976,000 after acquiring an additional 630 shares during the period. Institutional investors own 94.93% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective on the stock in a report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, EnerSys currently has an average rating of "Buy" and a consensus target price of $117.50.

EnerSys Stock Up 1.6 %

NYSE ENS traded up $1.33 on Friday, reaching $82.36. The company had a trading volume of 198,790 shares, compared to its average volume of 285,545. The company's fifty day moving average is $95.46 and its 200-day moving average is $96.40. EnerSys has a 1-year low of $76.57 and a 1-year high of $112.53. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.00 and a current ratio of 3.06.

EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share 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%. On average, research analysts forecast that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were paid a $0.24 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.17%. EnerSys's dividend payout ratio (DPR) is currently 11.88%.

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.