Bank of New York Mellon Corp Decreases Holdings in EnerSys (NYSE:ENS)

Bank of New York Mellon Corp decreased its holdings in shares of EnerSys (NYSE:ENS - Free Report) by 11.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 506,850 shares of the industrial products company's stock after selling 68,164 shares during the quarter. Bank of New York Mellon Corp owned about 1.27% of EnerSys worth $46,848,000 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. Wealth Enhancement Advisory Services LLC increased its stake in EnerSys by 273.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,742 shares of the industrial products company's stock worth $994,000 after acquiring an additional 7,134 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of EnerSys by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 4,679 shares of the industrial products company's stock valued at $477,000 after buying an additional 315 shares in the last quarter. US Bancorp DE grew its stake in shares of EnerSys by 8.6% in the third quarter. US Bancorp DE now owns 5,990 shares of the industrial products company's stock valued at $611,000 after buying an additional 473 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of EnerSys by 60.8% in the third quarter. Janney Montgomery Scott LLC now owns 15,626 shares of the industrial products company's stock valued at $1,595,000 after buying an additional 5,909 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of EnerSys by 4.5% in the third quarter. Van ECK Associates Corp now owns 10,582 shares of the industrial products company's stock valued at $1,049,000 after buying an additional 457 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

ENS has been the subject of a number of research reports. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 6th. Oppenheimer raised 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 assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $117.50.

EnerSys Stock Up 0.8 %

NYSE:ENS traded up $0.77 during midday trading on Friday, reaching $101.27. The company had a trading volume of 253,239 shares, compared to its average volume of 300,553. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 0.57 and a beta of 1.18. The stock's fifty day simple moving average is $97.57 and its 200-day simple moving average is $97.86. EnerSys has a 12-month low of $88.50 and a 12-month high of $112.53. 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 released its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share (EPS) for the quarter, beating 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%. On average, 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 announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be issued a $0.24 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.96 dividend on an annualized basis and a yield of 0.95%. EnerSys's dividend payout ratio (DPR) is presently 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.