Skandinaviska Enskilda Banken AB publ raised its stake in EnerSys (NYSE:ENS - Free Report) by 257,133.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,434 shares of the industrial products company's stock after acquiring an additional 15,428 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in EnerSys were worth $1,433,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of ENS. State Street Corp lifted its holdings in shares of EnerSys by 0.9% during the third quarter. State Street Corp now owns 1,474,789 shares of the industrial products company's stock valued at $150,502,000 after purchasing an additional 13,524 shares in the last quarter. Geode Capital Management LLC lifted its holdings in EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company's stock valued at $96,584,000 after acquiring an additional 11,384 shares during the period. Charles Schwab Investment Management Inc. boosted its position in 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 during the last quarter. Fisher Asset Management LLC grew its stake in shares of EnerSys by 8.7% during the 3rd quarter. Fisher Asset Management LLC now owns 425,285 shares of the industrial products company's stock valued at $43,400,000 after purchasing an additional 34,173 shares during the period. Finally, Tributary Capital Management LLC increased its position in shares of EnerSys by 25.9% during 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. Hedge funds and other institutional investors own 94.93% of the company's stock.
Wall Street Analyst Weigh In
ENS has been the subject of a number of research reports. StockNews.com raised shares of EnerSys from a "buy" rating to a "strong-buy" rating in a report on Friday, December 6th. Oppenheimer upgraded 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $117.50.
Get Our Latest Analysis on ENS
EnerSys Price Performance
Shares of ENS traded down $0.73 during trading hours on Friday, reaching $96.46. 1,833,487 shares of the stock traded hands, compared to its average volume of 261,275. EnerSys has a 52-week low of $88.50 and a 52-week 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. The company has a market cap of $3.80 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 0.57 and a beta of 1.18. The company's 50-day moving average price is $98.30 and its two-hundred day moving average price is $97.74.
EnerSys (NYSE:ENS - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 earnings per share for the quarter, topping 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, analysts anticipate that EnerSys will post 9.99 earnings per share for the current year.
EnerSys Announces Dividend
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 paid a dividend of $0.24 per share. The ex-dividend date is Friday, March 14th. This represents a $0.96 annualized dividend and a yield of 1.00%. EnerSys's payout ratio is 11.88%.
EnerSys Company Profile
(
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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