Vanguard Group Inc. Purchases 90,670 Shares of EnerSys (NYSE:ENS)

Vanguard Group Inc. grew its position in EnerSys (NYSE:ENS - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,667,056 shares of the industrial products company's stock after purchasing an additional 90,670 shares during the period. Vanguard Group Inc. owned approximately 11.84% of EnerSys worth $431,376,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ENS. Citigroup Inc. lifted its stake in EnerSys by 99.2% in the 3rd quarter. Citigroup Inc. now owns 48,429 shares of the industrial products company's stock valued at $4,942,000 after acquiring an additional 24,123 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of EnerSys by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 609,520 shares of the industrial products company's stock worth $56,338,000 after purchasing an additional 15,133 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in EnerSys by 38.7% during the third quarter. BNP Paribas Financial Markets now owns 43,519 shares of the industrial products company's stock worth $4,441,000 after purchasing an additional 12,145 shares during the last quarter. Sanctuary Advisors LLC grew its position in EnerSys by 24.7% in the third quarter. Sanctuary Advisors LLC now owns 4,130 shares of the industrial products company's stock valued at $403,000 after purchasing an additional 818 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in EnerSys by 12.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,502 shares of the industrial products company's stock valued at $1,618,000 after buying an additional 1,876 shares during the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ENS. Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price objective for the company in a report on Friday, January 17th. StockNews.com upgraded EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. 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 currently has an average rating of "Buy" and a consensus target price of $117.50.

EnerSys Stock Performance

EnerSys stock traded down $9.76 during midday trading on Thursday, reaching $83.26. 498,256 shares of the company's stock were exchanged, compared to its average volume of 279,080. The stock's 50-day simple moving average is $97.88 and its 200 day simple moving average is $97.46. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 0.57 and a beta of 1.18. 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 has a 52 week low of $83.06 and a 52 week high of $112.53.

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, topping the consensus estimate of $2.27 by $0.85. EnerSys had a return on equity of 20.78% and a net margin of 9.23%. On average, analysts expect that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, March 14th. EnerSys's dividend payout ratio is presently 11.88%.

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.