Cibc World Markets Corp Buys New Holdings in EnerSys (NYSE:ENS)

Cibc World Markets Corp purchased a new position in shares of EnerSys (NYSE:ENS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,744 shares of the industrial products company's stock, valued at approximately $346,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ENS. R Squared Ltd purchased a new position in shares of EnerSys in the fourth quarter worth about $47,000. Millburn Ridgefield Corp purchased a new position in EnerSys during the 3rd quarter valued at about $88,000. Proficio Capital Partners LLC bought a new stake in shares of EnerSys during the fourth quarter valued at about $105,000. Parkside Financial Bank & Trust lifted its holdings in shares of EnerSys by 110.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock worth $120,000 after buying an additional 678 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of EnerSys in the third quarter valued at approximately $125,000. 94.93% of the stock is owned by hedge funds and other institutional investors.

EnerSys Price Performance

NYSE:ENS traded down $1.63 during midday trading on Friday, hitting $93.11. The company had a trading volume of 194,690 shares, compared to its average volume of 276,697. The stock's fifty day moving average price is $98.74 and its 200-day moving average price is $97.67. EnerSys has a 52-week low of $88.50 and a 52-week high of $112.53. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.67 billion, a PE ratio of 11.52, a P/E/G ratio of 0.57 and a beta of 1.18.

Remove Ads

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, topping 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%. As a group, research analysts expect that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. EnerSys's payout ratio is 11.88%.

Analysts Set New Price Targets

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