Fisher Asset Management LLC Sells 31,005 Shares of EnerSys (NYSE:ENS)

Fisher Asset Management LLC lessened its stake in EnerSys (NYSE:ENS - Free Report) by 7.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 394,280 shares of the industrial products company's stock after selling 31,005 shares during the period. Fisher Asset Management LLC owned about 0.99% of EnerSys worth $36,443,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its holdings in EnerSys by 110.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,293 shares of the industrial products company's stock valued at $120,000 after acquiring an additional 678 shares during the last quarter. Versor Investments LP bought a new stake in shares of EnerSys in the 4th quarter valued at $227,000. Proficio Capital Partners LLC acquired a new stake in shares of EnerSys during the fourth quarter worth $105,000. Hudson Edge Investment Partners Inc. lifted its holdings in EnerSys by 27.1% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 8,325 shares of the industrial products company's stock valued at $769,000 after buying an additional 1,775 shares during the period. Finally, Ieq Capital LLC bought a new stake in EnerSys during the fourth quarter valued at $203,000. Institutional investors and hedge funds own 94.93% of the company's stock.

EnerSys Stock Down 0.7 %

ENS traded down $0.70 during midday trading on Thursday, hitting $99.55. The company had a trading volume of 93,457 shares, compared to its average volume of 297,423. The stock's 50 day moving average price is $97.11 and its 200 day moving average price is $97.76. EnerSys has a 52 week low of $88.50 and a 52 week high of $112.53. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 0.57 and a beta of 1.22. The company has a quick ratio of 2.00, a current ratio of 3.06 and a debt-to-equity ratio of 0.69.

Remove Ads

EnerSys (NYSE:ENS - Get Free Report) last issued its earnings results on Wednesday, February 5th. The industrial products company reported $3.12 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, research analysts anticipate that EnerSys will post 9.99 earnings per share for the current fiscal year.

EnerSys Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, March 14th. EnerSys's payout ratio is currently 11.88%.

Wall Street Analyst Weigh In

ENS has been the subject of several research analyst reports. StockNews.com raised EnerSys from a "buy" rating to a "strong-buy" rating in a research report on Friday, December 6th. Oppenheimer upgraded EnerSys from a "market perform" rating to an "outperform" rating and set a $115.00 target price for the company in a report on Friday, January 17th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, EnerSys currently has an average rating of "Buy" and an average target price 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.