Corient Private Wealth LLC lessened its holdings in EnerSys (NYSE:ENS - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,167 shares of the industrial products company's stock after selling 10,389 shares during the quarter. Corient Private Wealth LLC owned approximately 0.37% of EnerSys worth $13,325,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ENS. Lightrock Netherlands B.V. acquired a new position in EnerSys in the fourth quarter worth $11,969,000. Wealthfront Advisers LLC acquired a new position in EnerSys in the fourth quarter worth $11,713,000. Proficio Capital Partners LLC bought a new stake in EnerSys in the fourth quarter valued at $105,000. Erste Asset Management GmbH bought a new stake in EnerSys in the third quarter valued at $9,438,000. Finally, Barclays PLC lifted its stake in EnerSys by 87.2% in the third quarter. Barclays PLC now owns 184,110 shares of the industrial products company's stock valued at $18,788,000 after buying an additional 85,742 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.
EnerSys Stock Performance
Shares of NYSE ENS traded down $0.73 during midday trading on Friday, reaching $96.46. 1,833,487 shares of the company traded hands, compared to its average volume of 261,350. EnerSys has a 52 week low of $88.50 and a 52 week high of $112.53. The stock has a 50-day moving average price of $98.44 and a 200 day moving average price of $97.70. 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 company has a market cap of $3.80 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.57 and a beta of 1.18.
EnerSys (NYSE:ENS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.27 by $0.85. EnerSys had a net margin of 9.23% and a return on equity of 20.78%. Sell-side analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.
EnerSys Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, March 14th. EnerSys's dividend payout ratio is currently 11.88%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on ENS shares. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. Oppenheimer upgraded 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. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $117.50.
View Our Latest Research Report on ENS
EnerSys Company Profile
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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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