Dana Investment Advisors Inc. Sells 3,266 Shares of EnerSys (NYSE:ENS)

Dana Investment Advisors Inc. lowered its stake in EnerSys (NYSE:ENS - Free Report) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,716 shares of the industrial products company's stock after selling 3,266 shares during the period. Dana Investment Advisors Inc. owned approximately 0.14% of EnerSys worth $5,242,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lightrock Netherlands B.V. bought a new position in EnerSys in the 4th quarter valued at about $11,969,000. Proficio Capital Partners LLC bought a new position in EnerSys in the fourth quarter valued at approximately $105,000. Erste Asset Management GmbH acquired a new position in EnerSys during the third quarter valued at approximately $9,438,000. Barclays PLC boosted its holdings 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 valued at $18,788,000 after purchasing an additional 85,742 shares in the last quarter. Finally, Tributary Capital Management LLC increased its stake in shares of EnerSys by 25.9% in the 4th quarter. Tributary Capital Management LLC now owns 239,765 shares of the industrial products company's stock valued at $22,161,000 after purchasing an additional 49,392 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on ENS shares. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research note 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 report on Friday, January 17th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, EnerSys presently has an average rating of "Buy" and a consensus target price of $117.50.

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EnerSys Trading Up 0.8 %

Shares of NYSE:ENS traded up $0.77 during midday trading on Friday, hitting $101.27. 253,239 shares of the stock were exchanged, compared to its average volume of 300,553. The business's 50-day moving average price is $97.40 and its 200 day moving average price is $97.80. 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 12 month low of $88.50 and a 12 month high of $112.53. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.53, a P/E/G ratio of 0.57 and a beta of 1.18.

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 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%. Analysts predict that EnerSys will post 9.99 earnings per share for the current year.

EnerSys Announces Dividend

The company also recently announced 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 yield of 0.95%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys's dividend payout ratio is presently 11.88%.

EnerSys Company 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.