EnerSys (NYSE:ENS) Holdings Lifted by Barclays PLC

Barclays PLC grew its position in shares of EnerSys (NYSE:ENS - Free Report) by 87.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 184,110 shares of the industrial products company's stock after purchasing an additional 85,742 shares during the period. Barclays PLC owned approximately 0.46% of EnerSys worth $18,788,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. CWM LLC increased its stake in EnerSys by 198.8% during the 2nd quarter. CWM LLC now owns 995 shares of the industrial products company's stock worth $103,000 after buying an additional 662 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of EnerSys during the second quarter valued at about $270,000. Assenagon Asset Management S.A. increased its position in shares of EnerSys by 354.4% during the second quarter. Assenagon Asset Management S.A. now owns 65,336 shares of the industrial products company's stock worth $6,764,000 after acquiring an additional 50,958 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of EnerSys by 25,769.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 62,604 shares of the industrial products company's stock worth $6,481,000 after acquiring an additional 62,362 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in EnerSys by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,008 shares of the industrial products company's stock valued at $933,000 after purchasing an additional 909 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company's stock.

EnerSys Stock Performance

NYSE:ENS traded down $0.99 during trading hours on Friday, reaching $93.26. 265,329 shares of the stock were exchanged, compared to its average volume of 247,536. The stock has a market capitalization of $3.71 billion, a P/E ratio of 13.21, a P/E/G ratio of 0.60 and a beta of 1.22. The firm has a 50 day simple moving average of $98.22 and a 200-day simple moving average of $100.61. The company has a quick ratio of 1.87, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. EnerSys has a 52 week low of $86.41 and a 52 week high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The industrial products company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.05. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The firm had revenue of $883.70 million for the quarter, compared to analysts' expectations of $891.78 million. During the same period last year, the business posted $1.84 earnings per share. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that EnerSys will post 8.86 earnings per share for the current fiscal year.

EnerSys Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, December 13th. EnerSys's dividend payout ratio is presently 13.60%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ENS. Roth Capital raised EnerSys to a "strong-buy" rating in a research report on Tuesday, August 27th. StockNews.com raised shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Finally, Roth Mkm reiterated a "buy" rating and set a $120.00 price objective on shares of EnerSys in a research note on Monday, September 23rd. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $118.00.

Insider Buying and Selling

In related news, CEO David M. Shaffer sold 20,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now owns 206,724 shares in the company, valued at $20,674,467.24. The trade was a 8.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.61% of the stock is owned by company insiders.

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.