Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of EnerSys (NYSE:ENS - Free Report) by 87.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,209 shares of the industrial products company's stock after selling 37,041 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in EnerSys were worth $481,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ENS. Lightrock Netherlands B.V. bought a new stake in EnerSys during the fourth quarter valued at about $11,969,000. Wealthfront Advisers LLC bought a new stake in EnerSys in the 4th quarter valued at $11,713,000. Proficio Capital Partners LLC acquired a new position in shares of EnerSys during the fourth quarter valued at about $105,000. Erste Asset Management GmbH bought a new position in EnerSys during the third quarter valued at about $9,438,000. Finally, Barclays PLC lifted its position in shares of EnerSys by 87.2% in the 3rd quarter. Barclays PLC now owns 184,110 shares of the industrial products company's stock worth $18,788,000 after acquiring an additional 85,742 shares during the period. Institutional investors and hedge funds own 94.93% of the company's stock.
Wall Street Analysts Forecast Growth
ENS has been the topic of a number of research reports. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Oppenheimer upgraded shares of EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $117.50.
Check Out Our Latest Research Report on ENS
EnerSys Price Performance
ENS stock traded down $1.18 during trading on Wednesday, hitting $96.39. The company had a trading volume of 209,845 shares, compared to its average volume of 261,613. The company has a fifty day moving average price of $98.68 and a two-hundred day moving average price of $97.70. EnerSys has a fifty-two week low of $88.50 and a fifty-two week high of $112.53. The company has a market cap of $3.80 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.57 and a beta of 1.18. The company has a current ratio of 3.06, a quick ratio of 2.00 and a debt-to-equity ratio of 0.69.
EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 EPS for the quarter, beating 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%. Equities research analysts expect that EnerSys will post 9.99 earnings per share for the current fiscal year.
EnerSys Announces Dividend
The company 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 dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.00%. The ex-dividend date is Friday, March 14th. EnerSys's payout ratio is 11.88%.
About EnerSys
(
Free Report)
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.
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