ACK Asset Management LLC Has $62.02 Million Position in EnerSys (NYSE:ENS)

ACK Asset Management LLC reduced its position in shares of EnerSys (NYSE:ENS - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 671,024 shares of the industrial products company's stock after selling 43,976 shares during the quarter. EnerSys comprises 8.3% of ACK Asset Management LLC's portfolio, making the stock its 4th largest holding. ACK Asset Management LLC owned about 1.70% of EnerSys worth $62,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. FMR LLC boosted its holdings in EnerSys by 41.6% during the third quarter. FMR LLC now owns 137,003 shares of the industrial products company's stock worth $13,981,000 after buying an additional 40,220 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of EnerSys by 6.0% during the 3rd quarter. Captrust Financial Advisors now owns 4,040 shares of the industrial products company's stock valued at $412,000 after acquiring an additional 227 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of EnerSys during the 3rd quarter worth $125,000. Quantinno Capital Management LP grew its holdings in shares of EnerSys by 6.5% in the 3rd quarter. Quantinno Capital Management LP now owns 3,010 shares of the industrial products company's stock worth $307,000 after acquiring an additional 183 shares during the last quarter. Finally, Stifel Financial Corp raised its position in shares of EnerSys by 7.1% during the third quarter. Stifel Financial Corp now owns 9,563 shares of the industrial products company's stock worth $976,000 after purchasing an additional 630 shares during the period. 94.93% of the stock is currently owned by institutional investors and hedge funds.

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EnerSys Stock Up 1.6 %

Shares of ENS traded up $1.33 during mid-day trading on Friday, reaching $82.36. The company's stock had a trading volume of 198,790 shares, compared to its average volume of 285,545. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.57 and a beta of 1.15. The business has a fifty day moving average of $95.46 and a 200 day moving average of $96.40. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69. EnerSys has a 1 year low of $76.57 and a 1 year high of $112.53.

EnerSys (NYSE:ENS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The industrial products company reported $3.12 EPS 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%. As a group, analysts forecast 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. Shareholders 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 1.17%. The ex-dividend date was Friday, March 14th. EnerSys's dividend payout ratio (DPR) is currently 11.88%.

Analyst Upgrades and Downgrades

Separately, Oppenheimer raised EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 price target on the stock in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $117.50.

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.